The cryptocurrency token $PENGU, associated with the Pudgy Penguins brand, has experienced a notable surge in market attention and trading activity over recent days. $PENGU has been trending prominently on CoinGecko, reaching the number one spot among tokens on the platform. The token's price has seen upward movement, including a 12% increase in one day and a 20% overnight pump, with technical analysis indicating potential for further gains. Market observers highlight $PENGU as a leading memecoin with potential to surpass Dogecoin ($DOGE) during the current altseason. Institutional interest is reflected in smart money accumulation, with $PENGU being the top token accumulated in the last 24 hours. Luca Netz, a figure associated with Pudgy Penguins, has confirmed that $PENGU is the main web3 product of the brand and revealed plans for an initial public offering (IPO) within the next two years. Netz also indicated over $1 billion in demand for a $PENGU treasury strategy and anticipates approval of an exchange-traded fund (ETF) related to the token, which could further increase trading volume and price momentum. The Pudgy Penguins project is gaining recognition from regulatory bodies such as the SEC, and institutional advisors are involved with the token. The community and market participants remain optimistic about $PENGU's growth potential, with expectations of a parabolic breakout and new all-time highs in the near term.