币界网报道：Pudgy Penguins' native token PENGU has surged over 50% in the past 24 hours, reaching a market cap of $100 million, as excitement grows around potential crypto ETF approvals. The meme coin's rally coincides with broader market optimism fueled by speculation that the U.S. Securities and Exchange Commission may soon greenlight spot Ethereum ETFs. Pudgy Penguins CEO Luca Netz attributed the token's performance to the project's expanding ecosystem, including recent partnerships and the launch of Pudgy World, a virtual gaming platform. The NFT collection, which was acquired by Netz in 2022 for $2.5 million, has seen its floor price rise 30% this month to 15 ETH. Analysts note that PENGU's volatility remains high, with the token experiencing 20% price swings within hours during the recent rally. The project's team has emphasized that PENGU serves as both a governance token and the primary currency within Pudgy World, where holders can use it for in-game purchases and exclusive content access. This price movement comes as the broader NFT market shows signs of revival, with trading volumes up 15% month-over-month according to industry trackers.