PENGU (Pudgy Penguins) rose 4.33% in the last 24 hours.

Gate News Bot message, September 29, according to CoinMarketCap data, PENGU (Pudgy Penguins) is currently priced at $0.03, having risen 4.33% in the last 24 hours, reaching a high of $0.03 and a low of $0.03. The current market capitalization is approximately $1.81 billion, an increase of $75 million compared to yesterday.

Pudgy Penguins is a global IP brand focused on penguins, meme culture, and good vibes. As a brand originating from Web3, Pudgy Penguins is dedicated to fostering creativity, freedom, and community. The brand produces content, merchandise, toys, and digital collectibles, believing in the power of play and imagination, and is committed to helping users unleash their inner child. Pudgy Penguins has also launched Lil Pudgys, which are 22,222 northern lineage Pudgys that are cute but actually fierce, serving as allies against negative emotions.

PENGU recent important news:

1️⃣ Reached an important cooperation with the US stock exchange Bullish Pudgy Penguins and its token PENGU, as representative cases and important partners, were included in the second quarter earnings report and conference call of the cryptocurrency exchange Bullish (BLSH). This collaboration highlights the important position of Pudgy Penguins within the cryptocurrency ecosystem and is expected to bring more attention to PENGU and potential long-term value rise.

2️⃣ Market volatility intensifies, prices experience significant fluctuations in the short term PENGU experienced significant price volatility over the past week. On September 18, PENGU reported a 7.48% rise in 24 hours, with a market capitalization increase of $159 million, reaching a high of $0.04. However, the latest data shows that PENGU experienced a 3.32% decline, with a market capitalization decrease of approximately $64.2967 million. This extreme volatility reflects the instability of market sentiment and investors' ongoing attention to PENGU.

3️⃣ Large Token Transfers Attract Market Attention A PENGU holder transferred 50 million PENGU to the exchange, worth about $1.67 million. The holder previously obtained 322.32 million PENGU from an airdrop and has sold 232 million, making a profit of $5.77 million. Currently, the holder still holds 90.32 million PENGU, worth about $3.02 million. This large transfer may impact short-term market liquidity and could be one of the factors leading to recent price fluctuations.

From a technical perspective, PENGU has recently shown high volatility, with prices fluctuating between $0.03 and $0.04. On the fundamental side, collaboration with Bullish may bring long-term benefits to PENGU, but large token transfers could put pressure on short-term prices. Investors need to closely monitor the potential impact of these factors on the market supply and demand dynamics.

This message does not constitute investment advice; investors should be aware of market volatility risks.