PENGU (Pudgy Penguins) rose 3.31% in the last 24 hours.

Gate News Bot message, September 2nd, according to CoinMarketCap data, as of the time of writing, PENGU (Pudgy Penguins) is currently priced at $0.03, with a rise of 3.31% in the last 24 hours, reaching a high of $0.03 and a low of $0.03. The current market capitalization is approximately $1.804 billion, an increase of $57.9 million compared to yesterday.

Pudgy Penguins is a global intellectual property brand focused on penguins, meme culture, and a positive atmosphere. The brand produces content, merchandise, toys, and digital collectibles, dedicated to helping users unleash their inner child. Pudgy Penguins believes in the power of play and imagination, welcoming users to join this warm penguin family.

Important news about PENGU recently:

1️⃣ Large PENGU transfers attract market attention Recently, a specific address has transferred a large amount of PENGU tokens to trading platforms multiple times over the past two months, totaling 765 million tokens, with a total value of approximately 26.57 million dollars. This large-scale token transfer may impact market liquidity and prices, and investors should closely monitor subsequent developments.

2️⃣ Pudgy Penguins launches a new incentive mechanism The Pudgy Penguins project plans to launch a soul-bound token called "Early to the Party." Users need to pre-download the Pudgy Party app and complete registration. Once the game is officially released, eligible wallets will receive token distribution. This initiative is expected to enhance user engagement and the activity of the project ecosystem.

3️⃣ SEC delays PENGU ETF decision The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Canary spot PENGU ETF application. This decision may temporarily affect the acceptance of PENGU in traditional financial markets, but it also provides market participants with more time to prepare.

From a technical perspective, PENGU has recently shown a slight rise trend, but attention should still be paid to the potential impact of large transfers on the market. On the fundamental side, new user incentive measures may have a positive impact on PENGU, but the uncertainty surrounding ETF applications remains a focal point of market attention.

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