According to KookCapitalLLC, the meme coin Pengu (PENGU) is generating significant institutional interest with speculation about a potential NASDAQ listing. This development has heightened trading volumes and volatility for PENGU as traders anticipate increased legitimacy and broader exposure, which could drive further price action and impact correlated meme coin markets. Source: KookCapitalLLC on Twitter (June 19, 2025).

According to MilkRoadDaily, Tron ($TRX) is preparing to go public on the Nasdaq stock exchange, a significant move for a cryptocurrency that was originally designed to operate outside the traditional financial system. The three main reasons cited for this decision are increased institutional access, enhanced regulatory credibility, and greater liquidity for TRX holders (source: MilkRoadDaily Twitter, June 16, 2025). For traders, this Nasdaq listing could drive higher trading volumes and volatility for TRX, and set a precedent for other crypto projects considering public listings. The move may also influence broader market sentiment, potentially attracting more traditional investors to the crypto sector.