PENGU shot up from a daily low of $0.02897 to a high of $0.03456, before consolidating around $0.03242 at the close of this edition, according to data from CoinMarketCap. The market capitalization surpassed $2 billion in 24 hours, a considerable increase for a meme cryptocurrency still in its early stages. The trading volume also surged to $1.75 billion, suggesting greater confidence among traders.
PENGU also experienced a rapid price increase after Coinbase, the leading U.S. cryptocurrency exchange platform, changed its profile picture to an NFT of Pudgy Penguins last week. The meme token has risen more than 117% just in the last week.