• PENGU token is presently buying and selling at $0.03548, up 609% since its launch.
• The token presently ranks 59th by market capitalization on CoinMarketCap.
• It has overtaken WIF and GRT available in the market capitalization rating.

In a notable show of market enthusiasm, the newly launched Pudgy Penguins (PENGU) token on the Solana blockchain has seen its market capitalization soar 521% since its debut.

Launched with a complete provide of 88,888,888,888 tokens and a circulating provide of 62.416 billion tokens, PENGU rapidly grew to become common with the cryptocurrency group, particularly these concerned within the Pudgy Penguins NFT mission, which consists of a set of 8,888 NFTs launched in 2021. grew to become the middle of on the Ethereum blockchain.

This spectacular efficiency positions $PENGU as one of many standout tokens within the Solana ecosystem, overtaking extra established cash comparable to Dogwifhat (WIF) and The Graph (GRT) to rank 59th in market capitalization. I pushed the token up.

The token's market capitalization reached a staggering $2.5 billion on its first day, highlighting its potential to affect market traits. Regardless of the unstable nature of cryptocurrencies, $PENGU has managed to take care of a sizeable holder base, with stories suggesting a 40% improve from its lowest level since launch.

PENGU has a market capitalization of $2,227,684,354 and will simply overtake the likes of Injective, Ondo, Celestia, Bonk, and Immutable if the worth rises to $0.05.

This development has been supported by listings on main exchanges comparable to Binance and OKX, which facilitate spot buying and selling, and partnerships with companies comparable to MoonPay, rising the accessibility and liquidity of $PENGU.

Particularly, the spike in PENGU may be attributed to strategic airdrop distributions concentrating on not solely Pudgy Penguins holders, but in addition early adopters of Ethereum and Solana, often known as OG.

This strategy clearly labored, as $PENGU not solely noticed a major improve in value, but in addition boasted one of many highest buying and selling volumes on the Solana blockchain, with an unprecedented each day buying and selling quantity of 6,690 shortly after launch. The quantity has reached 10,000.