Coinspeaker
Why Is PENGU Price Down 10% Despite ETF Filing
Hours after asset manager Canary Capital filed for a Pengu ETF on Thursday, the PENGU price came crashing down 10%, all the way to $0.0062 levels, from the highs of $0.0075. This pump and dump for PENGU happened as several players shared a bearish take on the ETF news.
PENGU’s trading activity spiked after the ETF filing, with daily volumes climbing 45% to more than $135 million amid major price volatility.
Pudgy Penguins (PENGU) ETF Development
On Thursday, March 20, Canary Capital submitted its filing for an exchange-traded fund (ETF) that tracks the price of PudgyPenguin’s native crypto token PENGU, along with the non-fungible tokens running on the Pudgy Penguins blockchain platform. This is the first crypto ETF filing that also has an NFT exposure.
The filing specifies that the trust will hold spot PENGU alongside Pudgy Penguins NFTs, with other digital assets like Solana (SOL) and Ethereum (ETH) includ
We współpracy z: https://www.coinspeaker.com/pengu-etf-filing-price-drop-2025/
