Pudgy Penguins soar 32% on ETF approval expectations... Hyperliquid listing also a positive factor
Minseung Kang
Summary
- It was reported that Pudgy Penguins (PENGU) jumped 32% due to spot ETF approval expectations and the news of a Hyperliquid listing.
- The U.S. SEC has started reviewing the 'PENGU spot ETF' application submitted by Canary Capital.
- PENGU's cumulative monthly price increase recently surpassed 80%.
Pudgy Penguins (PENGU) surged 32%, driven by anticipation over a spot ETF approval and news of its Hyperliquid (Hyperliquid) listing.
According to The Defiant, a cryptocurrency-focused media outlet, the U.S. Securities and Exchange Commission (SEC) has reportedly begun reviewing the 'PENGU spot ETF' application submitted the previous day by Canary Capital (Canary Capital). Following this news, PENGU's price jumped 32%.
On the same day, PENGU also began spot trading on Hyperliquid, a decentralized derivatives exchange.
Meanwhile, PENGU is the official meme coin of the Pudgy Penguins ecosystem, and its cumulative increase over the past month has exceeded 80%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
