Mystery

Solana

Pengu

Pudgy Penguins

Read

<p>The Pudgy Penguins ecosystem token PENGU on Solana has surged over 564% in the past 24 hours.&nbsp;</p>
<p>The token now trades<a href="https://coinmarketcap.com/currencies/pudgy-penguins/" target="_blank" rel="noopener noreferrer nofollow"> at $0.033233</a>, with a market cap exceeding $2 billion. Data from CoinMarketCap shows the trading volume has reached $2.4 billion.</p>
<h2 class="wp-block-heading" id="strong-binance-listing-boosts-market-performance-strong"><strong>Binance Listing Boosts Market Performance</strong></h2>
<p>Binance <a href="https://x.com/Mysteryofcrypt/status/1868676681923522633" target="_blank" rel="noopener noreferrer nofollow">announced</a> the listing of PENGU token on December 17, 2024, at 14:00 UTC.&nbsp;</p>
<p>The exchange opened trading pairs with USDT, BNB, FDUSD, and TRY. The listing came after a strategic airdrop campaign where users who subscribed to Simple Earn products between December 9-12 became eligible for token rewards.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="555" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-555x1024.jpeg" alt="" class="wp-image-602309" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-555x1024.jpeg 555w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-163x300.jpeg 163w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-768x1416.jpeg 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-833x1536.jpeg 833w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-1110x2048.jpeg 1110w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-81x150.jpeg 81w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-100x184.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-190x350.jpeg 190w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y-788x1453.jpeg 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge7fiHBbkAARc1Y.jpeg 681w" sizes="(max-width: 555px) 100vw, 555px">
</figure>
<p>The exchange distributed PENGU tokens to eligible users’ spot wallets one hour before the trading launch. This coordinated release helped create a smooth trading environment for the new token.</p>
<h2 class="wp-block-heading" id="strong-community-support-through-liquidity-pools-strong"><strong>Community Support Through Liquidity Pools</strong></h2>
<p>Meteora, a liquidity platform, played a key role in <a href="https://nftevening.com/pudgy-penguins-token-enters-top-100-by-market-cap-on-launch-day/" target="_blank" rel="noopener noreferrer nofollow">PENGU’s market success.</a>&nbsp;</p>
<p>In a <a href="https://x.com/MeteoraAG/status/1869087995837681832" target="_blank" rel="noopener noreferrer nofollow">congratulatory tweet</a>, @MeteoraAG highlighted the community’s collective effort, depositing nearly $30 million into the PENGU DLMM liquidity pools. The platform’s dynamic fee system generated $3 million in trading fees within five hours of launch, further emphasizing the robust activity surrounding the token.</p>
<p>This liquidity injection strengthened PENGU’s position in the market, ensuring smoother trading and boosting confidence among investors.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-ripple-xrp-price-could-reach-10-this-bull-run/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Ripple (XRP) Price Could Reach $10 This Bull Run</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-community-rewards-through-airdrops-strong"><strong>Community Rewards Through Airdrops</strong></h2>
<p>Mystery of Crypto <a href="https://x.com/Mysteryofcrypt/status/1869076734903259467" target="_blank" rel="noopener noreferrer nofollow">revealed details</a> about a separate PENGU airdrop targeting Phantom wallet users. The airdrop has distributed 2.4 billion PENGU tokens, representing 5.9% of the total supply.&nbsp;</p>
<p>Each eligible wallet received an average of 45,200 PENGU tokens, valued at approximately $2,200.</p>
<p>The Pudgy Penguins brand has built a strong presence in the crypto space. Their penguin mascot appears in ETF commercials and has gathered millions of followers. The community’s social media content has generated over 50 billion views across platforms, establishing the Pengu character as a recognized symbol in digital culture</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-solanas-pudgy-penguins-pengu-price-up/" rel="noopener noreferrer nofollow">Why Is Solana’s Pudgy Penguins (PENGU) Price Up?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Solana’s Pudgy Penguins (PENGU) Price Up?

Table of Contents

CaptainAltcoin

Other articles published on Dec 18, 2024

SOL to $4,000 in 2025? Analysts Explore Solana’s Future Potential

$200 Million ADA Sell-Off Sparks Concerns, ADA To Drop Below $1?

[Notice] BERRY Mainnet Transition Completed and Deposits and Withdrawals Resumed

Caldera Launches Support for SVM, becoming First Multi-VM Rollup Platform

BTFD Coin’s Presale Success, Cat in a Dog’s World’s Price Decline, and Moo Deng’s Steady Rise Are...

Ohio state’s lawmaker announces plans to initiate a Bitcoin Reserve

Join our free newsletter for daily crypto updates!