According to @KookCapitalLLC, Pengu ($PENGU) has surpassed a $700 million market cap, with its all-time high yet to be reached. The coin is highlighted as a clear multi-cycle asset with numerous bullish catalysts, including the recent ETF filing by Canary Capital. The prospect of the first meme ETF centered on $PENGU could drive significant trading volume and institutional attention, potentially fueling further price appreciation and volatility in the meme coin sector. Traders should monitor ETF regulatory progress and market sentiment closely for actionable entry and exit points (Source: @KookCapitalLLC on Twitter, June 10, 2025).

According to Eric Balchunas, Bloomberg ETF analyst, there is a strong likelihood that a range of actively managed crypto ETFs will debut by Winter 2025, with active meme coin-only ETFs potentially following in 2026. Balchunas highlights that significant return dispersion and limited sell-side coverage in the crypto sector create a favorable environment for active management strategies, which could lead to standout fund managers. These developments are important for traders, as active crypto ETFs could introduce new volatility and liquidity to the market, especially in trending segments like meme coins. (Source: Eric Balchunas, Twitter, June 7, 2025)