PENGU (Pudgy Penguins) rose 7.19% in 24 hours

Gate News Bot message, July 3rd, according to CoinMarketCap data, PENGU (Pudgy Penguins) is currently priced at $0.02, with a rise of 7.19% in the last 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $969 million, an increase of $65 million compared to yesterday. Currently, PENGU ranks 72nd in the global Crypto Assets market capitalization.

Pudgy Penguins is a global IP brand focused on spreading penguin culture, meme culture, and a positive atmosphere. The project is dedicated to producing content, merchandise, toys, and digital collectibles. The Pudgy Penguins brand believes in the power of play and imagination, aiming to help users unleash their inner child.

PENGU recent important news:

1️⃣ Continuously Leading the Popularity Rankings PENGU (Pudgy Penguins) has consistently ranked among the top in the Crypto Assets popularity charts for several days, reflecting the market's ongoing high interest in the project. This sustained popularity is likely one of the main factors driving the rise in PENGU's price.

2️⃣ Significant increase in trading volume On major trading platforms, the trading volume of Pengu has significantly increased. For example, in the Korean won trading market of a certain Korean exchange, the Pengu trading pair ranks second, with a considerable share. The increase in trading volume is usually positively correlated with price fluctuations, which may explain the recent price rise of Pengu.

3️⃣ Canary PENGU ETF application submitted The Chicago Board Options Exchange (CBOE) has submitted a 19b-4 application for the Canary PENGU ETF to the U.S. Securities and Exchange Commission (SEC). This move indicates that PENGU is seeking to enter the traditional financial markets, which may attract more attention from institutional investors and have a positive impact on the price of PENGU.

From a technical perspective, the price trend of PENGU shows a strong rise, remaining at the forefront of popular coin rankings for several consecutive days. On the fundamental side, the Pudgy Penguins brand continues to expand its influence, extending from NFT projects to broader IP development. This diversification strategy may provide long-term value support for the PENGU token.

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