South Korea’s leading cryptocurrency exchange Bithumb has added the Pudgy Penguins (PENGU) token to its platform. The PENGU price increased by 20% immediately after the listing announcement. The intense interest from the crypto community has positively affected the token’s market performance.$PENGU
Bithumb announced on December 24 that it has listed Pudgy Penguins (PENGU) for trading on the KRW market. Following the listing, the exchange enabled deposits and withdrawals for the Solana-based token within two hours. Trading began at 17:00 KST. PENGU’s starting price was set at 43.89 KRW in response to increasing demand. In addition, the exchange suspended buy orders for the first five minutes to ensure safe trading and limited the price range for sell orders to between -10% and +100%. Bithumb warned its users to only trade via the Solana network and exchange-approved channels; otherwise, incorrect transactions, delays, or refunds may occur.
The interest in the Pudgy Penguins token has increased rapidly. After the listing, PENGU’s price rose to $0.031, its market value reached $1.96 billion, and its daily trading volume reached $581 million. This increase shows that PENGU’s demand is increasing. There was also great interest in the derivatives markets; futures volume increased to $687 million and Open Position value increased to $115 million. PENGU, which gained more than 700% after the launch and airdrop process, has rapidly increased its popularity in the crypto community.
The listing of Pudgy Penguins shows that the token has the potential to gain more adoption in the South Korean market. With strong community support and positive market conditions, PENGU could continue its current rally.