Pudgy Penguins' PENGU Token Bucks Market Selloff with 11.7% Gain
Pudgy Penguins' native token PENGU saw significant gains in the past day, rising 11.7% to trade at $0.00970. This growth places it among the top performers among assets with a market cap above $610 million. Bitcoin (BTC) and Ethereum (ETH), on the other hand, experienced losses of 1.8% and 3.0%, respectively.
The high trading volume of PENGU, reaching $508.9 million in the past 24 hours, exceeded its total market cap by approximately 83%. This figure suggests concentrated activity on major centralized exchanges. The token ranked 90th by market cap on CoinGecko but had a higher volume rank, indicating significant trader interest relative to its size.
PENGU's price remains below its launch-week highs, and the token's community continues to grow with ongoing NFT sales on platforms like OpenSea and Blur. The project's unique dual positioning on both Ethereum and Solana has contributed to its distinct cross-chain community base since its inception in December 2024.