币界网报道：Pengu Token (PENGU) surged 20% following a proposal to list it on a major cryptocurrency exchange-traded fund (ETF). The token, known for its community-driven initiatives and meme-inspired branding, saw its price jump from $0.15 to $0.18 within hours after the announcement. Analysts attribute the rally to growing investor interest in niche altcoins with strong grassroots support. The ETF listing proposal, submitted by a consortium of institutional investors, highlights Pengu Token's potential as a high-growth asset in the decentralized finance (DeFi) sector. If approved, the listing would provide mainstream exposure and liquidity for PENGU, which currently has a market capitalization of $120 million. The token's developers have also announced plans to integrate additional utility features, including staking rewards and governance voting, by Q4 2024. Market observers note that the surge reflects broader optimism around meme tokens with tangible use cases, as opposed to purely speculative assets. Trading volumes for PENGU spiked 300% on decentralized exchanges, with Uniswap accounting for over 60% of the activity. The proposal is under review by the ETF's regulatory committee, with a decision expected within 30 days.