Pudgy Penguin's $PENGU memecoin is making significant strides towards mainstream adoption, highlighted by a recent ETF filing that places it among a select group of cryptocurrencies. The brand boasts a viral intellectual property with 180 billion views and has secured high-profile partnerships, including deals with Sotheby’s and NASCAR. Additionally, Pudgy Penguin's toy line is distributed in millions of homes, further cementing its market presence. The memecoin is gaining traction in Asia and is supported by government advisors, which could legitimize its long-term growth potential, estimated at 5-10x. The combination of its ETF angle and strong brand IP suggests a sustainable memecoin thesis, potentially benefiting from traditional finance tailwinds.