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The Pudgy Penguins-themed meme coin PENGU has skyrocketed nearly 95% this week, driven by ETF speculation and social media momentum. However, analysts warn the rally may lack long-term sustainability due to weak fundamentals.
- PENGU's price surged 95% amid ETF speculation and Coinbase's social media endorsement via a Pudgy Penguins NFT.
- The SEC is reviewing over two dozen altcoin ETF proposals, including PENGU, but analysts doubt its fundamentals.
- Prediction markets show skepticism, with 58.5% betting against PENGU ETF approval by October.
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