PENGU Meme Coin Soars After SEC ETF Approval: Target $0.060 by August

Following the approval of Canary's registration form by the U.S. Securities and Exchange Commission (SEC) for the PENGU Sword ETF, the meme coin experienced nearly a 30% price surge within 24 hours. This Solana-based cryptocurrency is now trading at $0.019, with a daily trading volume exceeding $600 million. Over the past week, PENGU's price has increased by more than 20%, indicating a continuing upward momentum. Analyst Ali released a chart showing that after completing a classic bullish pattern and retesting the $0.013 level, the token's target price is set at $0.060 by August. Additionally, he emphasized that if the ETF is approved, PENGU’s price target could significantly increase. Simultaneously, data indicates that alongside the price rise, the total open positions in PENGU in the derivatives market have surpassed $176 million.