Pudgy Penguins Price Soars 33% But Traders Buy This SPX Rival

Pudgy Penguins Price Prediction: PENGU Soars 33% As Experts Say Consider This SPX6900 Rival For Parabolic Potential

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Updated: 10 July 2025

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The Pudgy Penguins price surged 33% in the last 24 hours to trade at $0.01954 as of 4.55 a.m. EST on trading volume that skyrocketed 269% to $644.01 million.

The token’s price soared after a recent announcement that the US Securities and Exchange Commission (SEC) had acknowledged a filing for the Canary Spot PENGU ETF. With this, the Solana-based meme coin joined a small group of cryptos whose ETFs are officially in consideration.

🚨LATEST: @SECGov has acknowledged filing for Canary Spot $PENGU ETF, a solana-based memecoin. pic.twitter.com/NeN1FaRDyj

— SolanaFloor (@SolanaFloor) July 9, 2025

In addition to Bitcoin and Ethereum, whose ETFs were already approved in the first half of 2024, PENGU is now an official contender to get its own crypto ETF, alongside XRP, Solana, Dogecoin, and other major players in the crypto industry.

Of course, whether or not the SEC will actually greenlight the ETF, and when, still remains to be seen. However, this move has certainly placed the meme coin under the spotlight, and its price reflects it.

Pudgy Penguins Price Prediction

Over the last week, the PENGU price spent most of the time fluctuating between $0.015 and $0.016, only to eventually break the lower barrier and drop nearly to $0.014. However, the announcement of its ETF filing caused the price to skyrocket to $0.019, and slightly exceed it, bringing it to $0.01954, which is where it sits at the time of writing.

The sudden surge brought a sharp widening of its Bollinger bands, which many traders saw as a bullish signal that likely encouraged them to join.

The meme coin’s Relative Strength Index (RSI) value has also seen a sharp increase in the last 24 hours. Prior to the announcement, it was fluctuating between the oversold zone and the neutral value of 50. However, after the announcement, it shot up to the overbought zone at 70, dropped down to 40, and then skyrocketed all the way up to 90 as traders and investors started buying.

The RSI has been in the overbought zone ever since, and while the current market-wide bullish wave could allow it to remain for a while longer, traders should be ready for a correction that will come once the hype passes, and some buyers decide to take profit.

Promising Alternative To Pudgy Penguins

Investors who believe that PENGU has reached its limit can consider instead TOKEN6900, a new project with a $5 million hard cap that’s just surged past $306k in presale.

The token glorifies and celebrates the number 69, and is inspired by, and is now the biggest rival to, meme coin SPX6900. It proudly states that it has no utility whatsoever, no backing, and no future plans.

”If you buy TOKEN6900 expecting utility, congratulations — you’re the utility,” its website says.

TOKEN6900 full of raisins. $250k mfers. pic.twitter.com/bczl1mencT

— Token6900 (@Token_6900) July 9, 2025

Still, some experts believe that it could outperform SPX6900’s parabolic pump since launch. They include Jacob Crypto Bury, a crypto YouTuber with over 57k subscribers. The influencer believes that the token has 10x potential after launch.