Pudgy Penguins leads the meme coin rally today with a 33% gain, more than double the returns of any other top 10 meme coin.
Its explosive momentum is fueled by the SEC acknowledging a spot Pudgy Penguins ETF application, coupled with the broader market gaining strength.
But as $PENGU makes gains, some analysts are looking to the Solana-based meme coin trading bot Snorter as the next breakout launch.
It’s currently running a token presale, in which it has raised $1.6 million. The presale allows investors to buy in from the ground floor, a setup which analysts believe could lead to huge profits. Its early presale growth indicates that investors are equally as optimistic.
$PENGU Soars as SEC Acknowledges ETF Filing
Pudgy Penguins has taken an unorthodox route in its journey to becoming a top meme coin. The project began as an NFT collection in 2021 and went on to become one of the leading brands in the space. It then launched a plushy toy collection and subsequently introduced a meme coin in December 2024, aiming to democratize community involvement since only 10,000 NFTs were available.
In contrast, the Pudgy Penguins meme coin has a total supply of 88.88 billion.
Yet, its unique story doesn’t end there. The project became the first-ever NFT collection to have an ETF application in March 2025 after Canary Capital filed an S1 registration statement with the Securities and Exchange Commission (SEC).
Then, in partnership with the Chicago Board Options Exchange, the firm filed a 19b-4 form with the SEC. The ETF is expected to hold 80-95% of its allocation in the $PENGU meme coin, and the remainder in Pudgy Penguin NFTs.
Just in time for the recent market-wide rally, the SEC acknowledged the ETF filing on Wednesday. This marks a first formal step towards approval and gives investors more confidence that the product is compliant. That’s why $PENGU is pumping.
What makes Pudgy Penguins stand out for an ETF application is that the project owns the intellectual property (IP) rights to the brand. This could make gaining approval more seamless compared to other meme coins, since it negates the risk of IP infringement-related legal issues down the road.
Top Analyst Backs $PENGU for Big Gains
Ali Martinez, who goes by Ali_Charts on X, has suggested that Pudgy Penguins could see massive gains if the ETF is approved. The analyst noted that $PENGU has formed a “textbook retest” after breaking a key resistance level, setting the stage for further upside in the weeks ahead.
Based on his price chart, $PENGU could reach $0.06 by August, a 208% gain from its current price.
Currently trading at $0.01944, Pudgy Penguins has a market capitalization of $1.22 billion and a 24-hour trading volume of $770 million, representing a 330% increase from the previous day.
This rise in volume, alongside its price gains, underlines just how significant the market views the recent SEC ETF acknowledgement.
And despite a 33% gain today, $PENGU shows no signs of cooling. It has seen a whopping 1.7% price increase in the last hour at press time, continuing to outpace the broader market.
But as Pudgy Penguins pushes forth, another Solana token is quietly emerging and shaping up as the next big runner. It’s called Snorter and is making a name for itself as what could be the most powerful meme coin trading bot on the market.
Solana Meme Coin Trading Bot Snorter Backed for 100X Gains
The Snorter presale is gaining momentum quickly. Its $1.6 million raise shows that investors are highly interested, but this excitement has spilled over to leading industry analysts, too.
Snorter is a Solana-based trading bot packed with innovative features. Copy trading, automated token sniping, rug pull detection, and MEV resistance are all available.
It’s also built using a private RPC infrastructure, which it claims will help deliver the “fastest execution on Solana.” Snorter also offers the lowest fees at just 0.85%, significantly outperforming the market average of 1-2%.
From a technical standpoint, Snorter appears well-equipped to garner a sizable market share and potentially dominate the Solana trading bot space.
Its surging presale interest is another indication of its potential. And with that, analysts believe $SNORT could be the next meme coin to explode. 2Bit Crypto even suggested it could see 100x gains after listing on exchanges.
Like Pudgy Penguins, Snorter brings something unique to the market. Rather than just relying on hype and speculation, utility-driven demand will support the $SNORT price.
As meme coin prices rise, new investors will enter the market. Many will use trading bots like Snorter. This will drive demand for $SNORT and could enable sustainable, long-term price growth.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.
