Canary Capital’s PENGU ETF filing on March 20 sent daily trading volume up 45% to $135M, yet the token fell 10% to $0.0062. Why? 🤔

🔹 ETF Details: Tracks PENGU + Pudgy Penguins NFTs, using SOL & ETH for transactions.🔹 Market Reaction: Skepticism over low retail demand & NFT exposure fueled selling pressure.🔹 Meme Coin ETF Struggles: Like DOGE, PENGU faces uncertain investor interest despite listings on major platforms.

Will PENGU bounce back or fade into the meme coin abyss? 📉🐧