Everyone is changing their avatar, what did the penguin do right I have been a fan of @ Pudgypenguins for a long time, and I have noticed that from @ Coinbase @ opensea to Polka and even @ okx, they have all switched to penguin avatars (@ Justinsuntron Sun did not miss the hot topic). I have also decided to switch to Pudge's avatar as support for a few days. I apologize for the slight awkwardness in my hand 🤣🤣 As this wave advances, I find that more and more people are asking why? Why did this penguin receive so much support from seemingly unrelated project parties? Why can I go to NASDAQ to ring the bell? @What is LucaNetz's background? I personally think that this may not have much to do with Luca's background, nor is it about how cute and attractive the penguin avatar is. In fact, more importantly, the entire industry is looking forward to them becoming the first icebreaker to open NFT/Meme ETFs. Let me check the timeline: March Canary Capital has submitted an S-1 registration statement to the US SEC, intending to launch the "Canary PENGU ETF", which includes PENGU tokens (80-95%) and Pudgy Penguins NFT (5-15%), and supports holding SOL and ETH for trading operations June Submit application 19b – 4 and make multiple revisions July The SEC has officially 'acknowledged' The SEC confirmed receipt of the application on July 9-10, opening a public comment period of approximately 21 days (where we are located) The next six months will be the review period and approval window. ~~~~~~~~~~~~~ What does it mean for the industry? Pioneering Attempt: If approved, this will be the first US ETF product to directly hold Meme/NFT, marking Meme/NFT's attempt to enter the mainstream financial system. PENGU's ETF is one of the new wave of "exotic ETFs", applied together with encrypted assets such as Solana and Dogecoin, reflecting financial institutions' attempt to explore new growth opportunities. This will pose technical and liquidity challenges to ETFs, with high risks and strict scrutiny. If approved, it will have a groundbreaking impact on the market and provide direction for countless newcomers. Simply put, if they can pass, it will be a prosperous era for the entire industry, especially for the current hot Meme leaders. If memes can pass, can altcoins pass? If ETFs can inject blood into altcoins, can the cryptocurrency market become great again? This is the main reason for the current online friendship support. ~~~~~~~~~~~~~~ At this moment, I think of a classic scene: Lend me your vitality Let's split the atmosphere Wukong: Give me a helping hand, let me break through the barriers that trap this world, がんばって! Now that the real-life version of Wukong (Penguin) has arrived, would you be willing to lend out your vitality, Pengu?