According to CoinWorld, Pudgy Penguins (PENGU) is under pressure due to a surge in interest in NFTs (non-fungible tokens). The move could pull funds away from popular meme coins, which could affect their prices. Meanwhile, investors hope to launch a PENGU ETF (exchange-traded fund) after Canary Capital filed an application in March. As NFT tokens attract more and more investment, PENGU faces new competition. For several months, the Pudgy Penguins meme coin has been in the spotlight since Canary Capital applied for the PENGU ETF. The hype around the PENGU meme coin began to pick up steam in late June after Justin Sun joined. Amid the frenzy and hopes for a PENGU ETF, the token soared, and analysts expected more gains. However, with interest in NFT tokens rekindled, this optimism may no longer be sustainable. Over the weekend, Ethereum launched the NFT Torch ahead of its 10th anniversary, rekindling interest in non-fungible tokens. A buying frenzy ensued for NFTs, with a single wallet purchasing 48 CryptoPunk NFTs for $8.5 million. Analysts also noted that the pace of purchases has accelerated, causing the reserve price of CryptoPunk NFTs to surge. According to Shotgun, a popular user on X (Twitter), whales are showing confidence in traditional collectibles and outperforming other collectibles, indicating that the market may be shifting to high-quality NFTs. Traditional NFT projects are receiving a lot of buying and push. According to data on Artemis, the NFT sector has outperformed the broader market, rising more than 200% in the last month. Notably, the NFT sector has risen more than 3 times the Ethereum market. Despite the euphoria surrounding PENGU and Pudgy Penguins NFTs, CryptoPunks lead the sector in terms of market capitalization metrics. However, BAYC (Bored Ape Yacht Club) and Mutant Ape Yacht Club face stiff competition in terms of 24-hour sales metrics. Fund flows indicate interest in other NFT projects besides PENGU Analysts are looking for opportunities similar to PENGU, and ANIME is a potential choice. Tommy, a trader and popular user on X, highlighted ANIME as the best liquid NFT beta after the token recently bottomed out. The interest in the ANIME token may be attributed to Animecoin’s recent announcement of a partnership with Burger King and Naruto, which is coming to the United States. While Animecoin has no direct connection to either of the potential partners, it could use Burger King and Naruto to attract anime fans. Meanwhile, other analysts have also highlighted DOOD as a possible next PENGU. Although DOOD, a coin associated with the Doodles NFT project, has no ETF prospects, analysts say it also has strong fundamentals. It is worth noting that both DOOD and PENGU are Solana meme coins. PENGU has benefited from ETF hype and whale purchases. It also has a supply of 76.700 billion. On the other hand, its RSI (Relative Strength Index) is above 80, indicating that the token may be overbought. Meanwhile, DOOD’s smaller supply of 100.00 billion may mean greater price potential, and its RSI suggests that there is still room for further gains. Another NFT trader highlighted that Doodles NFTs have outperformed DOOD tokens, which may indicate good price action for the meme coin.