- Over the past week, PENGU has surged by 646.92%
- PENGU’s trade volume in the past day has increased by 37.93% to $2.18 billion
- PENGU is now ranked the 60th largest crypto asset by market capitalisation
The native token of the non-fungible token (NFT) project Pudgy Penguins, PENGU, has witnessed massive growth in the crypto market, outperforming many long-established coins and tokens.
Over the past week, PENGU has surged by 646.92%. In the past day, it has surged by 26.17% to settle at an impressive $0.03724 trading price at the time of writing. According to Coinmarketcap data, PENGU’s trade volume in the past day has increased by 37.93% to $2.18 billion.
The coin’s market capitalisation has performed really well, increasing by 25.48% to $2.31 billion. However, it has yet to replicate the $3.16 billion peak it achieved around 3 p.m. on December 15, just after it was listed on Binance. PENGU is now ranked the 60th largest crypto asset by market capitalisation.
Experts say the impressive performance of PENGU, which is Solana-based, is linked to its listing on reputable exchanges like Bybit, OKX and Binance. However, PENGU is not the only token that was launched and listed on Bybit, OKX, and Binance. Others have been listed on those exchanges, and they performed poorly.
PENGU has a total supply of 88.88 billion, of which 23.5% went to the airdrop and 22% was reserved for the Ethereum and Solana communities. Additionally, 12.3% of the supply will be used for decentralised exchange liquidity.
With the release of PENGU, the floor price of the Pudgy Penguin NFTs has also increased; the cheapest NFT traded at 34.1 ETH ($136,000), a 2.6% increase. It is now the second most expensive collection after CryptoPunks, according to Coindesk.
What is Pudgy Penguins PENGU?
PENGU is the official coin of Pudgy Penguins. With one of the most powerful communities in the crypto space, Pudgy Penguins has emerged as the industry's face. The Penguin has become a cultural icon, as evidenced by its widespread use by big businesses, appearance in ETF advertisements, and amassing millions of followers and more than 50 billion views.
PENGU makes it possible for the hundreds of millions of people outside of the cryptocurrency world who see and share the Pudgy Penguin every day, as well as the ever-growing Pudgy Penguin fanbase, to join The Huddle.
Hamster Kombat loses 18 million players, 98% of trading volume
Meanwhile, TheRadar earlier reported that the popular Telegram-powered tapper game Hamster Kombat lost over 18 million players between November and today. The game’s token HMSTR also lost 97% of the trading volume reported on November 10.
Hamster Kombat was one of the most popular Telegram-powered tappers on Web3. In August this year, the game’s developers claimed to have over 300 million active players. However, the game has seen a continuous, massive decline since the HMSTR token listing and the start of trading.
