PENGU Price Pressured by ETF Delay, Trading Volume Declines
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Price Fluctuation: PENGU is currently trading around $0.012, having gained 23% over the past week, yet remains below key resistance levels, indicating market sensitivity to ETF-related expectations.
- Declining Volume: Daily trading volume is approximately $209 million, down 0.7% from the previous session, while derivatives volume has dropped 11% to $315 million, suggesting traders are reducing leverage as they await clearer market signals.
- ETF Review Delay: The SEC has postponed its review of Canary Capital's proposed PENGU ETF by 60 days to March 11, increasing market uncertainty and causing PENGU's price to drop by about 6% following the announcement.
- Technical Analysis: PENGU's price faces persistent selling pressure in the $0.0130 to $0.0135 range, and failure to break this resistance could lead to further declines towards $0.0103, heightening downside risk.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
