PENGU, the memecoin inspired by Pudgy Penguins, is making headlines after the U.S. SEC acknowledged a spot ETF filing by Canary. The news sent the Solana-based token soaring nearly 30%, hitting its 6-month high. It was also the top-performing crypto in the Top 100 today on Coingecko.
ETF Buzz Lifts PENGU
It is currently trading at $0.01956, up 33% in the last 24 hours. Its market cap has surged past $1.2 billion, with a 24-hour trading volume exceeding $700 million.
The proposed ETF will invest mostly in PENGU tokens (80–95%) and a smaller portion in Pudgy Penguins NFTs (5–15%). The filing was made by Cboe BZX Exchange after Canary submitted its initial application in March. Cboe updated the proposal twice, most recently on July 8. The SEC is now inviting public comments on the proposal.
PENGU has seen strong price jumps previously, after ETF-related news. Analysts are also bullish, pointing to a cup-and-handle pattern on the chart, which is a classic signal of continued upward momentum.
Analysts Bullish on PENGU
One of the analyst notes PENGU might be one of the best bets right now, not just as a meme coin, but also as a way to invest in the growing AbstractChain ecosystem. Analyst Mac notes that the token has broken out of its range highs. There is minimal resistance until $0.0027, suggesting further upside potential in the near term for new investors.
Analyst Ali Martinez recently shared that PENGU is showing strong bullish signs. He calls its current move a “textbook retest” and predicts the token could hit $0.060 by August. If the ETF gets approved, the price could go even higher.
This comes as the memecoin market sees a surge in trading volume. Investor confidence is rising again as PENGU’s funding rate has also turned positive. Whales have also increased their holdings, which shows renewed interest.
Looking Ahead to 2025
The token is holding strong above key moving averages, and with RSI above 60 and support forming near $0.015, signs point to a continued bullish trend, if trading volume rises.
The price is expected to climb 15–20%, possibly reaching $0.0185 to $0.0192 by the end of July. If momentum builds further, the next target is $0.0225. Analysts believe that PENGU is gearing up for another rally in 2025 and may stay strong through the year.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Memecoins like Dogecoin (DOGE) and Pepe (PEPE) have long been the darlings of meme-loving investors, bringing humor and light-heartedness to the often serious world of crypto. But trends don’t last forever, and a turning point seems to be emerging.
Increasingly, traders are stepping away from these meme-centric coins and turning their attention to BinoFi (BINO). Offered at just $0.02, this token is offering something significantly more than memes—it’s delivering innovative tools, revolutionary features, and real potential for growth.
What’s driving this shift? And why are traders betting on a project like BinoFi instead of sticking with their favored memes?
The Appeal of Memecoins is Fading
Memecoins have always operated on a simple principle: hype. Dogecoin’s rise to fame, backed by social media frenzy and mentions from high-profile figures, showcased how far memes can carry a coin.
Pepe followed a similar trajectory, promising nothing more than amusement and speculative gains. For a while, it worked. People traded these coins with the hope that a tweet or viral moment would skyrocket their value.
But memecoins are beginning to show their flaws. Their reliance on fleeting hype leaves them vulnerable to drastic price swings, a nightmare for traders seeking a semblance of stability. Add to that their lack of utility, most memecoins provide little to no functional value and it’s clear why some traders are looking for alternatives.
PEPE, for example, saw explosive early growth, but without any real-world application or technological backbone, sustaining that momentum has proven nearly impossible. Similarly, while DOGE enjoys occasional spikes thanks to endorsements or nostalgia, its novelty has worn thin for those prioritizing purpose over gimmick.
After all, hype may bring initial profits, but long-term sustainability and innovative features are what keep traders loyal. Memecoins don’t deliver on that front and BinoFi is stepping in to prove why it’s different.
Why Traders Are Turning to BinoFi
While memecoins rely on momentary trends, BinoFi is rooted in solving actual problems that traders face in the crypto world. Its hybrid exchange model, which bridges the divide between centralized and decentralized exchanges, is just one of the reasons traders are sitting up and taking notice.
BinoFi turns what can feel like an overwhelming, fragmented trading experience into something smooth and efficient. By merging centralized exchange order books with decentralized liquidity pools, it ensures deep liquidity and faster transactions without forcing traders to compromise.
No one in the market is offering this hybrid model quite like BinoFi.
Even more exciting is its focus on cross-chain trading. Traditionally, moving funds between different blockchains has been a boring and complex process involving bridges, tools that often come with significant risk.
BinoFi eliminates this hassle entirely through its cross-chain trading capabilities, which allow for direct swaps across multiple blockchains in one step. Less time wasted, fewer complications, and safer transactions, these are the kinds of features traders are looking for.
Security is another major factor. Unlike memecoins, which aren’t exactly known for innovative development or advanced security, BinoFi is putting control into the hands of its users with Multi-Party Computation (MPC) wallets.
The Value of Getting in Early
The BinoFi presale is quickly capturing the spotlight in the crypto space, offering a golden opportunity for forward-thinking investors to get in. With the token priced at an attractive $0.02 in its current presale phase, early participants are positioning themselves ahead of a project set to revolutionize the trading industry.
Those participating in early phases not only secure an exceptional entry point but also stand to benefit from some exclusive perks. These include reduced trading fees, priority access to staking rewards, and even early involvement in shaping the platform’s governance, a unique chance to influence the future of such a project.
The potential for significant returns bolsters the word once BINO hits the mainstream market. Analysts are already projecting enormous growth, with estimates suggesting a staggering 9900% increase for those capitalizing on the presale’s discounted entry point.
The listing price after the presale ends is $0,30 per token so even in case predictions don’t work, early supporters benefit from at least a massive 1200% growth of their investment.
For crypto enthusiasts who recognize the power of early investments, the BinoFi presale is a huge opportunity. With the first phase filling up fast and excitement building across the community, now is the time to act and become part of what could be the next major success story in crypto.
The Future is Looking to Utility, Not Memes
While memecoins like DOGE and PEPE will always have their place as lighthearted pieces of crypto culture, their lack of utility makes them hard to justify as long-term investments.
The days of investing in coins for memes alone seem to be waning. Traders are increasingly choosing projects like BinoFi that promise not just short-term gains, but lasting impact.
The post Crypto Traders Are Dumping Memecoins Like PEPE and DOGE For BinoFi (BINO) at $0.02 appeared first on Coinpedia Fintech News
Memecoins like Dogecoin (DOGE) and Pepe (PEPE) have long been the darlings of meme-loving investors, bringing humor and light-heartedness to the often serious world of crypto. But trends don’t last forever, and a turning point seems to be emerging. Increasingly, traders are stepping away from these meme-centric coins and turning their attention to BinoFi (BINO). …
Bitcoin price breaks $100,000 on May 8, 2025, as ETFs, Fed pause, and state crypto laws fuel rally. Will BTC now advance to new all-time highs?
Bitcoin clears $100,000 first time in 120-days
Bitcoin price crossed the $100,000 mark on Thursday, May 8, 2025, trading at its highest level since February. The milestone represents a 4.5% 24-hour gain, pushing BTC to $100,800 at the daily peak before settling near $99,696 at press time.
Bitcoin price crosses $100,000, May 8 2025 | Coingecko
The renewed BTC price rally on Thursday can be attributed to a convergence of macroeconomic signals, adoption milestones across US states, amid surging institutional demand from Bitcoin ETFs.
Coingecko data further shows data BTC price gained 26.5% in the past 30 days and 59.1% over the last year. Traders now anticipate another leg up as BTC eyes new all-time highs, less than 10% away from breaching its previous record around $107,000.
Market sentiment turned sharply bullish following a formal announcement from President Donald Trump confirmed a comprehensive trade agreement with the United Kingdom. The message emphasized the depth of US-UK relations and hinted at more bilateral deals in the pipeline.
US President Donald Trump Confirms Trade Deal With UK, Source: TruthSocial
The trade optimism has sparked renewed investor appetite for risk assets, with Bitcoin among the biggest beneficiaries.
Trump’s executive order establish crypto strategic reserve in March 2025. has helped frame Bitcoin as a strategic hedge against geopolitical uncertainty and global de-dollarization risks.
2. Three US states enact major crypto laws in rapid succession
Arizona Governor signed House Bill 2749 into law:
On May 7, Arizona Governor Katie Hobbs signed a bill establishing a Bitcoin and Digital Assets Reserve Fund. The fund will be managed by the state treasurer and composed of digital assets obtained through airdrops, staking rewards, and accrued interest.
The bill follows the governor’s veto against Senate Bill 1025, which had proposed investing 10% of states $32 billion Treasury assets in cryptocurrencies and NFTs.
Hobbs cited a preference for budget-neutral, lower-risk strategies in approving HB 2749. The newly-approved law now allows Arizona to engage in passive crypto asset management while maintaining fiscal conservatism. Staking rewards from unclaimed assets held over three years will also be funnelled into the reserve.
Oregon enacts Senate Bill 167:
Oregon state amended the state’s Uniform Commercial Code to include digital assets such as cryptocurrencies, tokenized instruments, and electronic money. Signed into law by Governor Tina Kotek, the legislation introduces UCC Article 12, providing legal clarity on how digital assets can be used as collateral and managed in secured transactions.
Oregon signs Crypto bill into law, May 7, 2025
The new rules also recognize electronic signatures and records, easing digital commerce integration. Transitional provisions give parties a one-year adjustment period. Prior to the update, crypto assets operated in legal gray zones under state law.
With this move, Oregon strengthens its infrastructure for asset-backed crypto innovation and enterprise use cases.
New Hampshire becomes first state to adopt Crypto reserve:
New Hampshire became the first US state to approve Treasury laws to receive and hold Bitcoin in reserve. The move follows prior legislative actions that permitted tax payments in crypto and explored blockchain-based public record systems.
The latest statute, passed on May 8, directs the state to accept Bitcoin from federal forfeitures, grants, and settlements as reserve assets.
It does not authorize discretionary market purchases but ensures crypto assets entering public custody are lawfully held and secured. Treasury officials will partner with approved custodians to manage private keys and staking operations.
3. Fed pause and recession risks reinforce Bitcoin hedge appeal
On Wednesday, US Federal Reserve held interest rates steady in its latest FOMC meeting but flagged rising unemployment as a growing concern. Investors now anticipate multiple rate cuts later in 2025 to cushion a slowing economy.
The shift in tone has rekindled the inflation hedge narrative around Bitcoin, with capital rotating out of treasuries and into hard assets.
Bitcoin’s fixed supply continues to appeal to investors preparing for policy easing and potential currency debasement. Market expectations of looser monetary policy have lifted global risk asset markets and has evidently played a role in driving BTC price above $100,000.
4. Institutional demand and ETF inflows intensify
Institutional capital has remained a key pillar of support during the current rally. Following renewed tensions between the United States and China, large corporate players have accelerated capital allocation into Bitcoin.
Bitcoin ETF Flows | Source: Farside
Exchange-traded funds (ETFs) have played a pivotal role in this dynamic. Over the past 13 trading days, Bitcoin ETFs recorded net inflows of $5.3 billion, with only two days of outflows.
On April 30 and May 6, net redemptions were modest at $56.3 million and $85.7 million, respectively. The consistent inflows indicate sustained institutional conviction and reflect Bitcoin’s growing status as a macro asset class comparable to gold or tech equities.
What’s next?
Bitcoin’s latest move above $100,000 places it within reach of entering a fresh price discovery phase. With only a single-digit percentage gain needed to break prior highs, markets are watching closely for institutional confirmation. If large players hold out for new highs, the rally could extend well into Q2.
However, some analysts suggest a partial rotation into altcoins may occur if Bitcoin shows signs of exhaustion. Capital rotation could benefit Ethereum, Solana, and newer sectors like Crypto AI tokens.
Looking ahead, the direction of Fed policy and geopolitical trade talks will remain key catalysts in the weeks ahead.
Pi Network price has reclaimed $1 after a searing rally that sees its market capitalization surge past Litecoin and Bitcoin Cash. Investors have their eyes peeled for a sustained rally for Pi Coin in a push driven by heavy whale accumulation.
Pi Network Price Surges To $1.19 To Flip Litecoin and Bitcoin Cash
After flashing multiple signs of brilliance, Pi Network embarked on a seismic rally, gaining a staggering 50% spike in a day. According to CoinMarketCap data, Pi Network price reached a daily peak of $1.19 from a previous low of $0.73.
At the peak, Pi Network’s market capitalization surged to over $8 billion, flipping Litecoin and Bitcoin Cash. Per the cryptocurrency aggregator, Pi Network spiked from 27th place to settle as the 18th largest cryptocurrency by market capitalization.
Apart from the surge in prices and market capitalization, Pi Network volumes surpassed $1 billion, spiking by $600%. Furthermore, the impressive rally leaves Pi Coin as the biggest gainer among the top 30 largest cryptocurrencies by market capitalization.
As Pi Coin racked up impressive metrics, LTC managed to gain only 0.42% while BCH garnered $0.24 in the same timeframe. Previous on-chain analytics predicted that Pi Coin price can skyrocket by 100% at the start of the week after the formation of an Adam and Eve pattern.
Whale Accumulation Is Fuelling The 50% Rally
Apart from glowing on-chain analytics, the Pi Network rally is fueled by a frenzied whale accumulation. Prior to the start of the rally, an unknown whale moved 70,000,000 Pi off exchanges to trigger the rally.
A clear path toward $1 appeared after another whale bagged 20 million Pi from the OKX exchange. Retail investors are accumulating Pi Coins in droves, driven by a raft of positive fundamentals around the network.
Firstly, investors are targeting the Consensus Summit in mid-May as the start date for a Pi rally, scooping up coins on a discount. Furthermore, the Pi Core Team is gobbling up Pi Coins from centralized exchanges to stabilize the Pi Network price following the token unlock event.
The Pi Core Team has previously hinted at a major announcement on May 14, sparking waves of enthusiasm among investors. Amid the charged atmosphere around Pi, there is speculation that a Binance listing is imminent following a string of “rumoured” test transactions.
