Bithumb, one of the leading cryptocurrency exchanges in South Korea, has increased investor interest by listing the Pudgy Penguins (PENGU) token. Following this listing, the PENGU price increased by 20% and significant movement was observed in the trading volume and derivatives market.$PENGU
Bithumb announced that it listed the PENGU token on the Korean Won (KRW) pair on December 24, 2024. Deposits and withdrawals became active shortly, while trading began at 17:00 KRW. The initial transaction price was set at 43.89 KRW, and trading was suspended for the first five minutes to prevent excessive price fluctuations. In addition, sell orders were limited to -10% and +100% of the initial price. Deposits can only be made via the Solana network and Bithumb-approved exchanges. Non-compliant transactions may result in delays or refund issues. These measures were taken to reduce market volatility and provide a safe and fair trading environment.
After the listing, the PENGU token gained 20% in value, rising to $0.031. The lowest and highest prices in the last 24 hours were recorded as $0.02573 and $0.03157, respectively. The token's market value has reached $1.96 billion, and its daily trading volume has reached $581 million. A remarkable movement was also observed in the futures market; futures volume rose to $687 million, and open positions rose to $115 million. This data shows that there is strong demand in the derivatives market for the PENGU token.
Pudgy Penguins (PENGU) has been garnering a lot of attention thanks to its strong community support and social media engagement. The token has increased in value by over 700% since its initial launch and airdrop distribution, making it one of the most prominent projects in the crypto world.