Pangolin

Avalanche

Gains

<div class="coinjournal">
 <ul>
 <li>Pangolin, a multi-chain DEX platform, has surged to multi-month highs.</li>
 <li> PNG price reached highs of $0.31 as new team outlined comeback roadmap for the DEX</li>
 </ul>
 Pangolin (PNG), an Avalanche decentralized exchange (<a rel="noopener noreferrer nofollow" title="DEX" href="https://thebittimes.com/tag/dex.html">DEX</a>) platform, is experiencing a price uptick as major altcoins struggle amid Bitcoin’s battle to keep the $50,000 level.
 PNG is the native governance token of the Pangolin DEX. It is 100% distributed to the community with no team, advisors or investor allocations. The multi-chain DEX platform launched on Avalanche in 2021.
 <h2 id="span-style-font-weight-400-pangolin-png-price-soars-span">Pangolin (PNG) price soars</h2>
 PNG rose more than 200% on Friday to trade at highs of $0.31 as <a rel="noopener noreferrer nofollow" title="24-hour" href="https://thebittimes.com/tag/24-hour.html">24-hour</a> trading <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> jumped to over $4.7 million. The surge in daily trading <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> over the past day represents a <a rel="noopener noreferrer nofollow" title="staggering" href="https://thebittimes.com/tag/staggering.html">staggering</a> 5,500% increase, according to data from CoinMarketCap.
 The Pangolin market cap has jumped to over $54 million, doubling over the past 24 hours.
 <img decoding="async" class="alignnone size-full wp-image-187049" src="https://cdn.thebittimes.com/images/2024/02/23/a7ad44206e3e9f41082a6daff1d31b48.webp" alt="" width="1200" height="800">
 <h2 id="span-style-font-weight-400-why-is-pangolin-price-skyrocketing-span">Why is Pangolin price skyrocketing?</h2>
 Gains for PNG price almost entirely constitute this past week’s upside, with the token having struggled to break above $0.12 since December.&nbsp;&nbsp;
 As well as the price, there’s been a rise in activity for the community-driven project. DeFiLlama shows a slight pick in TVL to $31.34 million. Pangolin’s sudden price surge comes as the <a rel="noopener noreferrer nofollow" title="DEX" href="https://thebittimes.com/tag/dex.html">DEX</a> platform’s new team announced a roadmap aimed at returning it to its “former glory.”
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 Hey Fam,
 As you know, me and my team have taken over the management of @pangolin<a rel="noopener noreferrer nofollow" title="DEX" href="https://thebittimes.com/tag/dex.html">DEX</a>. While the transition process is not yet 100% complete, I believe it's beneficial to share our upcoming development plans with you. We aim to restore #Pangolin to its former glory as soon as…
 — Adam (@erd866x) February 20, 2024
 </blockquote>
 
 Part of this roadmap includes the unveiling of a new UI/UX, introduction of new pools, token listings and a PangoVerse – a social media platform earmarked for rollout within a year. 
 Pangolin also announced support for BridgeSwap, bringing asset swaps across Ethereum, Avalanche and Binance Smart Chain to the platform.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/pangolin-png-soars-24-hour-volume-up-staggering-5500-tbt80644.html">https://thebittimes.com/pangolin-png-soars-24-hour-volume-up-staggering-5500-tbt80644.html</a>

Pangolin (PNG) soars, 24-hour volume up staggering 5500%

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