Analysis of the PENGU rally: What is behind the huge increase of this memecoin?
One of the new actors causing the most stir in the cryptocurrency market is PENGU, a memecoin that has climbed to the 60th position in the ranking of cryptoassets by market capitalization.
At the time of writing, the price of PENGU is trading at 0.037 USD, with daily gains of 2.17% and weekly gains of 13.7%. The token is only 8 days old since its launch and is already in the top 5 of the largest memecoins in terms of market capitalization: