PENGU (Pudgy Penguins) fell 3.32% in the last 24 hours.

Gate News Bot news, on September 24th, according to CoinMarketCap, as of the time of writing, PENGU (Pudgy Penguins) is currently priced at $0.03, having fallen by 3.32% in the last 24 hours, with a high of $0.04 and a low of $0.03. The current market capitalization is approximately $1.871 billion, a decrease of about $64.2967 million compared to yesterday.

Important news about PENGU recently:

1️⃣ Pudgy Penguins has reached an important partnership with the US stock exchange Bullish Pudgy Penguins and its token PENGU, as representative cases and important partners, were included in the second quarter earnings report and conference call of the cryptocurrency exchange Bullish (BLSH). This collaboration highlights the significant position of Pudgy Penguins in the cryptocurrency ecosystem and is expected to bring more attention to PENGU and potential long-term value growth.

2️⃣ Market volatility increases, PENGU price experiences significant fluctuations in the short term PENGU has experienced significant price fluctuations over the past week. On September 18, PENGU reported a 7.48% increase within 24 hours, with a market capitalization growth of $159 million, reaching a high of $0.04. However, the latest data shows a 3.32% fall in PENGU, with a market capitalization decrease of approximately $64.2967 million. This dramatic volatility reflects the instability of market sentiment and the ongoing attention of investors towards PENGU.

3️⃣ Large Token Transfers Attract Market Attention A PENGU holder transferred 50 million PENGU to the exchange, worth approximately 1.67 million USD. The holder previously received 322.32 million PENGU from an airdrop, selling 232 million of them for a profit of 5.77 million USD. Currently, the holder still holds 90.32 million PENGU, worth about 3.02 million USD. This large transfer may impact short-term market liquidity and could be one of the factors leading to the recent price fall.

From a technical perspective, PENGU has recently shown high volatility, with prices oscillating between $0.03 and $0.04. Fundamentally, cooperation with Bullish may bring long-term benefits for PENGU, but large token transfers could put pressure on short-term prices. Investors should closely monitor the potential impact of these factors on market supply and demand.

This message is not intended as investment advice, and investors should be aware of market volatility risks.