PENGU (Pudgy Penguins) rose 4.93% in 24 hours.

Gate News Bot news, on July 15, according to CoinMarketCap data, PENGU (Pudgy Penguins) is currently priced at $0.03, with a rise of 4.93% in the last 24 hours, reaching a high of $0.03 and a low of $0.01. The current market capitalization is approximately $1.925 billion, an increase of $90.5 million compared to yesterday. Currently, PENGU ranks 52nd in the global crypto assets market capitalization.

Pudgy Penguins is a global IP brand focused on spreading penguins, meme culture, and positive vibes. The brand produces content, merchandise, toys, and digital collectibles, dedicated to helping users unleash their inner child. Pudgy Penguins believes in the power of play and imagination, conveying warmth and joy to users through adorable penguin imagery.

PENGU recent important news:

1️⃣ Price breaks through key resistance level The price of PENGU has recently successfully broken through the long-term downtrend line and has stood above the 200-day moving average, indicating a potential long-term trend reversal signal. The range of $0.0225 to $0.025 has become a new key resistance area, and breaking through this range may trigger further pumps.

2️⃣ Social Media Influence Expansion CoinMarketCap provides users with concept avatars themed around Pudgy Penguins, a move that helps to enhance the visibility and influence of PENGU in the Crypto Assets community. At the same time, well-known blockchain figures such as Justin Sun have also publicly supported the Pudgy Penguins project, further increasing its exposure on social media.

3️⃣ Progress on Spot ETF Applications The PENGU spot ETF application submitted by Canary Capital has been confirmed by the U.S. Securities and Exchange Commission (SEC). This ETF plans to allocate 95% of its assets to PENGU and related NFT assets. This development could open the door for institutional funds to enter the PENGU market, potentially enhancing its liquidity and market recognition.

From a technical perspective, PENGU is in an upward trend, but as the Relative Strength Index (RSI) reaches 81 and enters the overbought area, it may face adjustment pressure in the short term. However, strong trading volume and tight candlestick patterns indicate that buying pressure remains dominant. On the fundamental side, PENGU's continuous expansion on mainstream trading platforms, as well as its impressive performance in the "Altcoin Season Index," reflects a high level of market attention towards the project.

This message is not intended as investment advice; investors should be aware of market volatility risks.