PENGU, the token tied to Pudgy Penguins, jumped over 25% in the past 24 hours, currently priced at $0.01849, after two major developments pushed interest higher: a confirmed game launch and fresh ETF momentum.
On July 10, the SEC acknowledged a filing for the Canary Spot PENGU ETF. If approved, it would be the first U.S. exchange-traded fund to bundle a memecoin with NFTs. The proposed ETF plans to allocate up to 95% of its portfolio to PENGU and the rest to Pudgy Penguins NFTs, with smaller amounts held in Solana and Ethereum for liquidity.
The filing comes from Canary Capital Group, which is positioning the product as a way to give public market investors direct exposure to Web3-native assets without needing to hold tokens or NFTs themselves. The fund will also actively manage its NFT positions based on rarity and visual traits. No listing venue has been confirmed yet.
The ETF news wasn’t the only trigger behind the move. Pudgy Penguins also announced the upcoming launch of a mobile game called Pudgy Party in partnership with Mythical Games. The title is expected to roll out in August 2025 and mixes casual party-style gameplay with NFT avatars and on-chain rewards.
It runs on the Mythos Chain, the same Polkadot-based network used by NFL Rivals, a previous title from Mythical that crossed six million downloads.
PENGU’s price saw an immediate reaction. Trading Volume increased rapidly, rising 138% in 24 hours to exceed $486 million, with a market cap of $1.16 billion.
Together, the ETF filing and the game launch have turned sentiment sharply positive. If the SEC moves forward with approval, PENGU could become the first memecoin tied to a regulated fund, a first for both crypto and NFTs in traditional finance.
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