Capital Rush into NFT Tokens Puts PENGU’s Rally at Risk

Pudgy Penguins (PENGU) faces pressure amid a surge in interest in NFTs (non-fungible tokens). This move could pull capital away from the trending meme coin, potentially influencing its price. Meanwhile, investors hope for a PENGU ETF (exchange-traded fund) following Canary Capital’s March filing. PENGU Faces New Competition as NFT Tokens Attract Growing Investment Pudgy Penguins meme coin has been the center of attention for months, since Canary Capital filed for a PENGU ETF source: https://beincrypto.com/capital-nft-tokens-pressures-pengu/