What does this mean for holders?
Bullish: If approved, $PENGU holders could see significant price appreciation, increased liquidity, and broader adoption, potentially mirroring $DOGE post-ETF rally. Long-term holders might benefit from ecosystem growth and NFT value appreciation.
Bearish: Rejection or regulatory hurdles could lead to a sell-off, especially given the memecoinâs speculative nature. The SEC has never approved an ETF holding NFTs directly, and challenges around valuation and liquidity could lead to rejection or delays. The 5-15% NFT allocation adds complexity. While rare Pudgy Penguins NFTs have fetched 400 ETH historically, their illiquidity could complicate ETF rebalancing, potentially affecting $PENGUâs perceived stability and holder confidence.
Pudgy Penguins is the face of crypto! Bullish
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