PENGU (Pudgy Penguins) has pumped 20.22% in the last 24 hours.

Gate News Bot message, on October 13, according to CoinMarketCap data, PENGU (Pudgy Penguins) is currently priced at 0.03 USD, with a rise of 20.22% in the last 24 hours, reaching a high of 0.03 USD and a low of 0.01 USD. The current market capitalization is approximately 1.607 billion USD, an increase of 270 million USD from yesterday. Currently, PENGU ranks 56th in the global Crypto Assets market capitalization.

Pudgy Penguins is a global IP brand focused on penguins, meme culture, and a positive atmosphere. As a brand originating from Web3, Pudgy Penguins is dedicated to promoting creativity, freedom, and community building. The brand produces content, merchandise, toys, and digital collectibles aimed at unleashing the inner child in people. Pudgy Penguins also launched a series of 22,222 Northern Penguin NFTs called "Lil Pudgys," which are powerful allies in combating negative emotions.

PENGU recent important news:

1️⃣ PENGU token successfully landed on the Solana ecosystem The Pudgy Penguins project has recently officially launched its native token PENGU and has chosen to issue it on the Solana blockchain. This strategic move not only expands the ecosystem scope of Pudgy Penguins but also provides its loyal community with new ways to participate. As a representative of high-performance public chains, Solana's low fees and fast transaction characteristics are expected to bring broader application scenarios and liquidity for PENGU.

2️⃣ Airdrop activities stimulate market demand The issuance of the PENGU token was accompanied by a highly anticipated airdrop event. This initiative sparked active participation from community members while also attracting the attention of many new investors. As a common token distribution mechanism, the airdrop not only increased the visibility of PENGU but also created additional market demand in the short term, becoming one of the key factors driving the price rise.

3️⃣ Liquidity Mining Program Enhances Token Value The Pudgy Penguins team announced the liquidity mining program for the PENGU token, an initiative aimed at increasing the token's liquidity and utility. By incentivizing users to provide liquidity, the trading depth of PENGU on decentralized trading platforms has significantly improved. The increase in liquidity not only reduces the slippage for large transactions but also provides a more solid support for the token price.

From a technical perspective, the PENGU price has broken through its historical high, showing strong upward momentum. However, investors should remain cautious of potential short-term pullback risks. On the fundamental side, the continuous expansion of the Pudgy Penguins brand and its innovative efforts in the Web3 space lay a solid foundation for the long-term development of PENGU.

This message does not constitute investment advice; investors should be aware of market volatility risks.