PENGU(Pudgy Penguins)24 hours pump 2.79%

Gate News Bot message, October 21, according to CoinMarketCap data, as of the time of publication, PENGU( Pudgy Penguins) is currently priced at $0.02, having risen 2.79% in the last 24 hours, with a high of $0.03 and a low of $0.02. The current market capitalization is approximately $1.408 billion, an increase of $38.2 million compared to yesterday.

Pudgy Penguins is a comprehensive entertainment ecosystem that includes multiple business lines such as NFT collectibles, physical toys, games, and content. The PENGU token is the native token of this ecosystem, symbolizing community, memes, and a positive atmosphere. The project has risen from an internet meme to a mainstream cultural phenomenon, boasting millions of fans and billions of views, and is expanding into the institutional investment space.

PENGU recent important news:

1️⃣ Gate launches contract points airdrop event Gate exchange has launched the second phase of the PENGU contract points airdrop event. In the first phase, each eligible user received an airdrop reward of 900 PENGU, which is approximately 21 dollars per user based on the current market price. This event not only increases the liquidity of PENGU but also brings actual benefits to the exchange users, helping to attract more investors to focus on and participate in the PENGU ecosystem.

2️⃣ Strategic cooperation with bipartisan public affairs company Igloo Inc. (the parent company of Pudgy Penguins) announced a partnership with the bipartisan public affairs firm Invariant. This initiative aims to introduce Pudgy Penguins and the PENGU project to U.S. policymakers, contributing to the improvement of the regulatory environment for the cryptocurrency industry. This move indicates that Pudgy Penguins is actively seeking to communicate with regulators to lay a solid policy foundation for the long-term development of PENGU.

3️⃣ Jupiter Mobile launches PENGU token incentive program Jupiter launched an event centered around PENGU, planning to repurchase $115,000 worth of PENGU tokens. The event also includes distributing PENGU rewards to the top 200 eligible users and a one-month zero trading fee promotion. These measures are expected to stimulate the market demand for PENGU and enhance its application potential in the mobile payment sector.

From a technical perspective, the PENGU price has shown a pump trend in the past 24 hours, likely driven by the positive news mentioned above. On the fundamental side, the Pudgy Penguins team is continuously strengthening PENGU's market position and application scenarios through a diversification strategy, including policy communication, user incentives, and cross-platform collaboration. However, investors still need to cautiously assess market risks and pay attention to potential price fluctuations that may occur in the short term.

This message is not intended as investment advice; investors should be aware of market volatility risks.