Pudgy Penguins (PENGU) has surged 70% in the past week, reaching a two-month high of $0.0163, as traders react to a proposed hybrid ETF by the Cboe BZX Exchange. The ETF, if approved, would allocate up to 95% of its assets to PENGU tokens, marking a potential first for U.S. ETFs to include NFTs alongside a meme coin. This development has positioned PENGU as the eighth-largest meme coin by market cap, drawing parallels to PEPE's previous breakout. Further boosting PENGU's profile, fintech company Revolut has added the token to its platform, increasing its accessibility and market credibility. Despite the recent price surge, PENGU remains below its all-time high, suggesting potential for further growth. Technical indicators point to continued bullish momentum, with analysts forecasting additional price increases.