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PENGU rise is rapid, ETF application boosts market confidence
[Coin World] As traders anticipate that the SEC will make a decision on the first PENGU ETF in mid-October 2025, Pudgy Penguins have surged over 13% in the past week. An institution has submitted an application, and the likelihood of approval for a crypto assets ETF is high, boosting investor optimism. PENGU has broken through the downtrend line, with trading volume increasing by 359% within 24 hours. The key resistance level is at $0.038, and breaking through $0.045-$0.05 could confirm a bullish trend. Analysts emphasize that it should stay above $0.031 to avoid falling to $0.027-$0.029. Approval of the ETF could drive mainstream demand, with the fund allocating 80-95% of its capital to PENGU tokens and 5-15% to Pudgy Penguin NFTs.