After the fat penguin PENGU logged in to Robinhood, it rose over 5%! The countdown for the Solana meme coin leader ETF application has begun, and its market capitalization has jumped to the top of the ecosystem.

Pudgy Penguins (PENGU), the head meme coin in the Solana ecosystem, ushered in multiple benefits: 1) Robinhood, a zero-commission brokerage, included it in its advanced trading platform Robinhood Legend, which stimulated the price to rise by more than 5% in 24 hours, and is now trading at $0.035;2) The SEC has accepted the PENGU ETF application submitted by Canary Capital, and the countdown to the decision has started. If approved, it will become the first meme coin ETF; 3) PENGU's market capitalization soared to $2.2 billion, jumping to the top of the Solana ecosystem token list, surpassing mature DeFi protocols such as PUMP and RAY. This article analyzes the technical support and potential upside targets of Pengu's recent strong performance.

Favourable Information for the platform: Robinhood Legend launches PENGU, stimulating a price rise of 5% The price of胖企鹅（PENGU）has risen by more than 5% in the past 24 hours, with the current trading price at about $0.035. The direct catalyst for this round of increase is the well-known American commission-free brokerage Robinhood, which announced the addition of PENGU to its premium trading platform Robinhood Legend. This platform is designed for active traders, offering customized interfaces, advanced technical indicators, and Level-2 market data among other professional features. It is worth noting that Robinhood Legend has recently opened access to users in the UK, a move that is expected to introduce more international trading volume for PENGU, further boosting liquidity.

ETF Driven: The First Memecoin ETF Application Accepted by the SEC, Market Capitalization Soars to the Top of the Solana Ecosystem PENGU's recent strong performance is largely driven by the exchange-traded fund (ETF) plan promoted by Canary Capital. The U.S. Securities and Exchange Commission (SEC) has officially accepted the agency's application for the PENGU ETF and has begun the approval countdown. As a result of this significant favourable information, PENGU's market capitalization has surged rapidly, rising from 8th to 3rd place in the memecoin market capitalization rankings. Notably, its current market capitalization of $2.2 billion has surpassed that of established Solana ecosystem DeFi protocols such as Pump.fun (PUMP), Raydium (RAY), and Jupiter (JUP), topping the Solana ecosystem token market capitalization list. If the PENGU ETF is approved, it will become the first investment tool linked to a memecoin in history, expected to attract incremental institutional funds and enhance project recognition, while also setting an important precedent for subsequent ETF applications like Dogecoin (DOGE) and Shiba Inu (SHIB).

Ecosystem Expansion: Physical Retail Implementation + NFT Heating Up, Brand Awareness Continues to Improve In addition to the progress of the trading platform and financial products, the brand awareness of Pudgy Penguins is also continuously expanding. Its iconic toys have landed in mainstream retail channels such as Walmart, reaching a broader consumer base. At the same time, the project's core non-fungible token (NFT) series has recently performed well, with the floor price rising significantly by 52% in the past 30 days, reflecting increased confidence in the collector community. Multiple positive factors have combined, and the PENGU project currently has strong momentum.

Price Prediction: $0.032 builds key support, focus on $0.040 resistance zone From a technical analysis perspective, the current price trend of PENGU supports a bullish view. On the 4-hour chart, the token seems to have found a temporary bottom around $0.032. This area is an important support level, and the token had consolidated sufficiently at this position before the previous surge. The chart shows strong buy orders at this price level, and there may be a large order book (Order Blocks) accumulating, waiting to be filled. If the market maintains a bullish sentiment towards PENGU, whale investors may take advantage of the recent pullback to accumulate on dips, betting on a potential surge after the ETF approval (caution is advised for the "favourable information sell-off" risk). If the upward trend continues, the $0.040 area is the next key resistance target, indicating about a 13% upside from the current price level. Despite the pullback, PENGU's price remains firmly above the 200-period Exponential Moving Average (EMA) on lower time frames, indicating that the overall upward trend remains intact. As long as the price stays above the $0.031 support level, the technical outlook remains bullish.

Conclusion: Institutional entry opens up combined ecological expansion, PENGU leads the Solana memecoin track PENGU has demonstrated its comprehensive strength beyond peer projects with the liquidity favourability from listing on Robinhood Legend, the groundbreaking application for the first memecoin ETF, and the continuously expanding ecosystem of physical and NFT assets. Its rise to the top of the market capitalization list for Solana ecosystem tokens marks the market's recognition of the potential for the combination of memecoin narratives and practicality. In the short term, the key support at $0.032 and the resistance level at $0.040 constitute an important observation range; the long-term development depends on the ETF approval results and ongoing ecosystem construction. Regardless of the outcome, PENGU has set a milestone for memecoins to integrate into mainstream financial infrastructure. Investors need to closely monitor the SEC's decision-making process and the movements of on-chain large holders.