[Today's Global Trending Coins] Pudgy Penguin, Ethereum, Bitget Token and More

Uk Jin

Summary

Pudgy Penguin drew attention in the coin market with a market capitalization reaching $790 million due to its surge on this day.
Ethereum is attracting attention with expectations for ETF staking approval, which is expected to enhance network security.
XRP announced the SEC's approval of futures ETFs, leading to a price increase.

According to the top gainers on the Token Mindshare (a metric quantifying the influence of specific tokens in the cryptocurrency market) by Kaito, an AI-based Web3 search platform, the top 5 cryptocurrencies currently attracting the most attention on the 28th are Pudgy Penguin (PENGU), Ethereum (ETH), Bitget Token (BGB), XRP (XRP), and Sui (SUI).

Pudgy Penguin, which recorded a surge on this day, took the first place. As of 1:36 PM, Pudgy Penguin is trading at $0.01248, up 29.90% from the previous day according to CoinMarketCap. With this rise, Pudgy Penguin's market capitalization reached $790 million, ranking 82nd in total market capitalization.

Ethereum took the second place. Ethereum secured this position as expectations for the approval of staking for spot Exchange-Traded Funds (ETFs) increased. According to some cryptocurrency media, asset management company Grayscale visited Washington D.C. on the 21st and discussed the allowance of staking for spot ETFs with the Securities and Exchange Commission (SEC).

Grayscale argued, "Ethereum Exchange-Traded Products (ETPs) have suffered a loss of $61 million because they have not been able to participate in staking so far," adding that "this loss has gone to Ethereum ETPs in Europe, Canada, etc., not the U.S." Grayscale further explained, "Staking of Ethereum spot ETFs can enhance the security of the Ethereum network and bring additional revenue to shareholders," and "through staking, U.S. Ethereum ETF products can participate as validators in the Ethereum network."

Bitget Token took the third place.

XRP ranked fourth as it announced the approval of futures ETFs on this day. The previous day, the SEC approved three ProShares XRP futures ETFs scheduled to launch on April 30, 2025. As a result, XRP is trading at $2.27, up 4.57% from the previous day at the same time.

Lastly, Sui, which recorded a surge over the past week, took the fifth place. Sui recorded a rise of about 60% over the past 7 days, soaring to $3.55. Consequently, Sui's market capitalization reached $11.56 billion, securing the 11th place in total market capitalization.

Additionally, Polkadot (DOT), Solana (SOL), Bitcoin (BTC), Infinex (INFINEX), and Mitosis (MITOSIS) also ranked high in investor interest.