The crypto market continues to see-saw, with top assets fluctuating sharply between key support and resistance areas. As Bitcoin sheds gains and looks to hold above $83k, altcoins such as Raydium (RAY) are showing increased weakness.

Pudgy Penguins token has suffered a harsh reversal this week as demand for its non-fungible tokens dried up. The Pudgy Penguins (PENGU) token retreated to a low of $0.0064, its lowest level since March 24, and 13.

Sales of non-fungible tokens (NFTs) dropped sharply in the first quarter of 2025, plunging 63% year-over-year. Still, a few standout collections defied the downturn and posted gains.NFTs recorded $1.5 billion in total sales from January to March 2025, down from $4.1 billion during the same period in 2024, according to data from aggregator CryptoSlam.

Raydium's team lead believes the majority of asset issuance will occur on Solana. "We want Raydium to play a central role in that," he said.

While PumpSwap achieved record $426M volume, Raydium maintained dominance with 46.1% market share in Solana's competitive DEX landscape.

Last Thursday, US-based asset manager Canary Capital filed an application with the Securities and Exchange Commission (SEC) for the Canary PENGU exchange-traded fund (ETF), a fund designed to hold both Pudgy Penguins NFTs and the PENGU token. However, the crypto community is asking if listing ETFs from NFT projects is feasible.

Raydium has maintained Solana dominance, and its token has jumped 12% despite the emergence of a competitor in PumpSwap.

Made in USA cryptos are back in focus as several key tokens show fresh activity heading into the last week of March. Among them are PENGU, AVAX, Pi Network (PI), Official Trump (TRUMP), and RENDER, each drawing attention for different reasons.

Discover how the PENGU ETF is breaking new ground by bringing on-chain NFTs into traditional finance for the first time.

PumpSwap introduces zero-fee token migrations and a creator revenue-sharing model, posing a direct threat to Raydium.

The crypto asset manager Canary Capital has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a new non-fungible token-focused exchange-traded fund (ETF). If approved, the “Canary PENGU ETF” will offer investors exposure to the Pudgy Penguins NFT project.

Hours after Canary Capital filed for a PENGU ETF on March 20, the token's price dropped by 10% to $0.0062, with critics pointing to weak retail demand.

Canary Capital has taken a particular interest in a certain memecoin.

It is already active and provides for the automatic and free migration of tokens from the platform.

Pump.fun, the wildest memecoin factory on Solana, has just shut the door on Raydium to launch its own DEX, PumpSwap.

Decentralized exchanges (DEX) like Raydium, Orca, and the newly launched PumpSwap have become the center of the meme coin storm thanks to fast transactions, low fees, and easy accessibility.

Canary Capital has become the first asset manager to file for an exchange-traded fund that holds both cryptocurrency and non-fungible tokens.

Canary Capital has officially submitted an Exchange-Traded Fund (ETF) application to the U.S. Securities and Exchange Commission (SEC) for PENGU, the governance token of Pudgy Penguins, a popular NFT project. The filing, made on March 20, 2025, proposes an ETF that would hold both Spot PENGU tokens and Pudgy Penguins NFTs, marking a potential first in the U.S. financial market.

Canary Capital has submitted a registration filing to the United States Securities and Exchange Commission (SEC) for the launch of the first-ever Pengu exchange-traded fund (ETF). This move adds to the growing list of crypto asset managers seeking regulatory approval for digital asset-based ETFs.

Asset manager Canary Capital has filed with the United States Securities and Exchange Commission (SEC) for an exchange-traded fund tracking PENGU, the governance token for the Pudgy Penguin.

Canary Capital files SEC application for first U.S. ETF combining $PENGU token and Pudgy Penguins NFTs, aiming to bridge crypto and collectibles markets amid regulatory scrutiny. The post Canary Files S-1 for $PENGU and Pudgy Penguins NFT ETF appeared first on Cryptonews.

Pump.fun has launched its own decentralized exchange (DEX) called PumpSwap, potentially displacing Raydium as the primary trading venue for Solana (SOL) memecoins. Starting on March 20, memecoins that successfully bootstrap liquidity, or “bond,” on Pump.fun will migrate directly to PumpSwap, Pump.fun said in an X post.

Asset management company Canary Capital has officially filed an Exchange-Traded Fund (ETF) application with the Securities and Exchange Commission (SEC) for PENGU, the governance token of Pudgy Penguins, a popular Non-Fungible Token (NFT) project.

Crypto asset manager Canary Capital has filed for SEC approval to launch an ETF containing both Pudgy Penguins NFTs and the PENGU token.

Pump.fun launches PumpSwap, its native Solana DEX, offering fee-free migrations and creator revenue sharing amid declining volume. The post Pump.fun rolls out native DEX PumpSwap, ending Raydium migrations appeared first on Crypto Briefing.

Canary Capital has filed an S-1 form with the Securities and Exchange Commission (SEC) to launch a crypto exchange-traded fund (ETF) that provides exposure to the PENGU token and the Pudgy Penguins non-fungible token (NFT) collection. This marks the first crypto-related ETF offering connected to an NFT collection.

Asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding Pengu (PENGU), the governance token of the Pudgy Penguins non-fungible token (NFT) project, US regulatory filings show. The ETF is the latest in a slew of filings for new US investment products tied to spot cryptocurrencies, including altcoins and memecoins.

Pudgy Penguins token has surged after Canary officially filed a PENGU ETF with the SEC. The news has fueled bullish sentiment, helping the token rebound and break through key technical levels.

Canary Capital has filed for what would be the first ETF of its kind — a Pengu ETF — as firms forge on to see what might stick with the SEC.

RAY's price soared over 28% following speculation about a meme coin launchpad designed to rival Pump.fun and enhance Solana's ecosystem.

Raydium has launched LaunchLab, a Pump.fun clone with unique pricing features, sparking divided opinions across the crypto community. Raydium has announced the launch of LaunchLab, a new platform designed for creating and launching tokens—similar to Solana's Pump.

Raydium fights back against Pump.fun with LaunchLab, boosting its token and reshaping Solana's DeFi landscape

Raydium has announced the launch of LaunchLab, a new launchpad for memecoin alternative to pump.fun.

Raydium's native token, RAY, soared during the early hours of the Asian session. The surge comes after the Solana-based decentralized exchange (DEX) and automated market maker (AMM) announced plans for its token launchpad, LaunchLab.

Raydium launches the “LaunchLab” token launchpad to compete with Pump.fun's AMM. Pump.fun contributes over 35% of Raydium's revenue, making it a crucial part of Raydium's business model.

Raydium's RAY token price jumped 28% after announcing LaunchLab, its new token issuance platform designed to compete with Pump.fun.

Raydium, one of the leading decentralized exchanges on the Solana blockchain, has just caused a stir in the world of decentralized finance with the launch of its new token issuance platform, LaunchLab. This bold move, as reported by Blockworks, directly challenges established players like Pump.Fun in the rapidly evolving token launch arena.

LaunchLab will three types of bonding curves that match demand and price for a token and will let third-party UIs set their fees.

Raydium, a Solana-based DEX, is reportedly planning to introduce a meme cryptocurrency factory alternative to Pump.fun. The upcoming Raydium LaunchLab will ensure exponential logarithmic bonding curves matching the asset's price and demand (similar to Pump.fun). The only difference is that it will allow third-party UIs to determine their fees.

Raydium's new launchpad could reshape the meme coin landscape, but user engagement challenges may hinder its competitive advantage. The post RAY jumps 28% after Raydium unveils Pump.fun's meme coin launchpad rival appeared first on Crypto Briefing.

The move comes about a month after Pump.fun was found to be testing a custom-built automated market maker, possibly to replace Raydium.

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

Key Highlights Meme coins – POPCAT, PNUT, and PENGU gained momentum after Robinhood announced their listing, driving investor interest despite broader market weakness. POPCAT surged 13.67% and is eyeing a breakout above $0.248, while PNUT saw an 8.50% rise, with holders and open interest surge.

PENGU, the Pudgy Penguins crypto has soared more than 10% after it was listed on Robinhood trading services. According to data from crypto.news, PENGU (PENGU) has gone up as high as $0.

Meme coins have struggled to regain momentum despite the recent listing of PENGU and PNUT on Robinhood. While these tokens were expected to surge, their price action has remained subdued, reflecting broader skepticism in the market, especially around meme coins.

Robinhood has listed memecoins Pengu (PENGU), Pnut (PNUT) and Popcat (POPCAT) as the online brokerage doubles down on cryptocurrency trading, it said on March 13. The listings mark Robinhood's latest effort to expand its crypto offerings and compete with incumbent exchange Coinbase.

Robinhood has expanded its meme token offerings by adding POPCAT, PENGU, and PNUT to its trading platform. The announcement follows previous listings of meme coins such as PEPE, BONK, WIF, and SHIB.

Robinhood confirmed the addition of Pudgy Penguins (PENGU), POPCAT, and Peanut the Squirrel (PNUT) to its trading app.