PENGU (Pudgy Penguins) rose 15.85% in 24 hours.

Gate News Bot news, on July 16, according to CoinMarketCap data, PENGU (Pudgy Penguins) is currently priced at $0.03, having risen by 15.85% in the last 24 hours, with a high of $0.03 and a low of $0.01. The current market capitalization is approximately $2.136 billion, an increase of $292 million compared to yesterday.

Pudgy Penguins is a global IP focused on spreading penguins, meme culture, and positive vibes. The brand produces content, merchandise, toys, and digital collectibles, dedicated to helping users unleash their inner child through the power of play and imagination. Pudgy Penguins offers a range of products and experiences, including Lil Pudgys digital collectibles, toys, and figurines.

PENGU Recent Important News:

1️⃣ Price and NFT floor price have significantly risen The PENGU token has risen over 100% in price in the past seven days, reaching $0.031. Meanwhile, the Pudgy Penguins NFT series has performed strongly, with its floor price rising by 50% during the same period. This indicates that the overall PENGU ecosystem has gained strong recognition from the market.

2️⃣ Mainstream exchanges and project display support Multiple mainstream exchanges and projects, including Gate, OpenSea, and Coinbase, have changed their official social media account avatars to Pudgy Penguins themed concept images. This widespread support shows that PENGU's influence in the cryptocurrency industry is rising.

3️⃣ Market capitalization breaks through the 2 billion dollar mark The market capitalization of PENGU has approached 2 billion USD, a rise of 195% compared to a month ago. This significant rise reflects investors' optimism about the prospects of the PENGU project and its rapid enhancement of status in the cryptocurrency market.

From a technical perspective, PENGU is currently in a strong rise trend, but the relative strength index (RSI) has reached 81, entering the overbought zone, and may face a risk of correction in the short term. However, the continuous rise in trading volume and tight candlestick patterns indicate that buying pressure still dominates. On the fundamental side, PENGU's toy sales revenue generated through physical retail channels, as well as its business model of sharing IP copyright income with NFT holders, provides substantial support for its value.

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