$PENGU coin
Pengu Coin (PENGU) is a memecoin launched on the Ethereum network, inspired by the popular Pudgy Penguins NFT collection. The cryptocurrency was created to spread kindness, awareness, and bring people together through memes and penguins.
PENGU is the official token of the Pudgy Penguins NFT collection, which features 8,888 unique cartoon penguins. The Pudgy Penguins project has become a cultural icon in the crypto industry, known for its influential community and widespread recognition.
The token was launched on December 17, 2024, with an initial market capitalization of $2.3 billion. However, following its airdrop to Pudgy Penguins NFT holders, PENGU's value experienced significant volatility. The token's price initially surged to $0.068 but quickly fell to $0.031 amid heavy selling pressure. This decline coincided with a sharp drop in the Pudgy Penguins NFT floor price, which fell from 33 ETH to 16 ETH.
Despite the initial volatility, some analysts believe that PENGU has the potential to reach a $10 billion market cap due to high demand and the success of its airdrop.
As of December 21, 2024, PENGU is trading at approximately $0.029 per token, with a 24-hour trading volume of over $1 billion. The circulating supply is around 62.42 billion tokens, with a maximum supply of 88.89 billion tokens.
PENGU is available for trading on several major cryptocurrency exchanges, including Binance, OKX, Bybit, and KuCoin. The most active trading pair is PENGU/USDT.
The Pudgy Penguins community continues to be a significant force in the crypto space, with PENGU serving as a symbol for community, memes, and positive vibes. The project's roadmap includes plans to get listed on major exchanges and spread awareness on social media platforms.
As with any cryptocurrency investment, potential investors should conduct thorough research and consider the inherent risks associated with the volatile nature of the crypto market.
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