First Ever NFT ETF Sends Pudgy Penguins Token Price Flying

$PENGU, a globally acknowledged meme coin and native token launched by the creators of the popular Pudgy Penguins non-fungible token on the Solana blockchain network, has seen its floor price surge +90%. In the past 24 hours, the $PENGU price has skyrocketed from as low as $0.02315 to as high as $0.03208. At the time of writing, $PENGU is now exchanging hands at around $0.02891.

Source: CryptoMarketCap.com $PENGU

SEC Reviews First NFT-memecoin ETF

$PENGU started skyrocketing over the weekend after the United States Securities and Exchange Commission acknowledged the “First NFT-backed ETF” application, marking a major step for crypto-linked funds. By description, a cryptocurrency exchange-traded funds offer a new way to gain exposure to crypto or NFT collections without buying and storing the digital assets yourself.

In a July 9 blog post, the United States Securities and Exchange Commission confirmed that the Canary Capital Group, one of the leading digital asset and crypto fund management firms with a focus on discounted digital assets and risk-adjusted returns, submitted an application to launch an NFT-backed ETF. The fund management company proposed to launch a fund combining PENGU, one of the best-performing meme coins at the moment on the Solana network, with Pudgy Penguins NFT collections and other top cryptocurrencies.

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

— SolanaFloor (@SolanaFloor) July 9, 2025

It’s worth noting that Pudgy Penguins NFTs form the backbone of the project’s brand ecosystem. Launched in 2021, Pudgy Penguins is a non-fungible token project featuring a limited edition of 8,888 cute penguin birds hosted on the Ethereum blockchain network. Pudgy Penguins is a sister to Lil Pudgy, a non-fungible token collection featuring a limited edition of 22,222 penguin birds hosted on the Ethereum blockchain network.

The Canary Spot NFT-backed PENGU ETF aims to allocate 80-95% of its portfolio to $PENGU. The remaining 5-15% will consist of Pudgy Penguins NFTs, with some exposure to Solana and Ethereum for liquidity. This structure signals an active approach, allowing the fund to rebalance its holdings as market dynamics shift. The fund structure will provide public market access to digital assets, removing technical barriers to blockchain ownership.

If approved, the Canary Capital Group’s proposed NFT-backed PENGU ETF will be the first publicly traded fund combining a non-fungible token and a memecoin. The ETF plans to hold specific NFTs based on rarity, visual appeal, and market value of traits. The fund’s managers will actively evaluate and rotate these holdings to maintain optimal exposure. The inclusion of NFTs in a regulated ETF marks an unconventional but notable shift in financial asset recognition.

$T6900 Could Be The Next Breakout Star

The highly anticipated PENGU NFT-backed ETF will offer a bold fusion of the web3 culture and Wall Street instruments. It will offer the line-blurring moment where Web3 culture merges with traditional finance. If approved, it will also prove that Meme coins and NFTs are no longer the punchline and they’re now part of the portfolio. As the crypto and NFT space evolves, meme-coin projects like PENGU and TOKEN6900 aren’t just jokes anymore; they’re becoming viable bets.

woahhh, i swear i am an electrode pic.twitter.com/lHgnULuDw4

— Token6900 (@Token_6900) July 13, 2025

TOKEN6900 ($T6900) is a new meme coin built on the Ethereum blockchain network. It does not have intrinsic utility, built entirely around internet humor and irony. $T6900 is gaining momentum among traders, just as $PENGU’s SEC moment puts meme coins back in the spotlight. With the presale campaign underway, TOKEN6900 aims to raise a market capitalization $5 million before future exchange listings.

TOKEN6900 is inspired by SPX6900, a memecoin that gained popularity for its satirical take on the S&P 500 index, combined with a strong community and social media presence. It’s a meme coin that uses internet culture and humor to attract users, positioning itself as a fun, community-driven digital asset. Despite the high market volatility, SPX6900 offered the potential for high returns, which attracted investors.

In the same trend, Token6900 has also started drawing attention from early movers. Millions are slowly realizing the truth: 6900 is not just a number. It’s the natural peak of human thought, the divine intersection of meme and market, the new global benchmark for brain rot finance. $T6900 doesn’t pretend to be safe. It admits it’s a gamble, and that honesty has made it irresistible. At the time of publishing, it has raised $487,331 in presale.

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