◽️◾️◽️◾️◽️◾️◽️◾️◽️◾️◽️◾️◽️◾️◽️◾️
The PENGU digital currency, linked to the Pudgy Penguins non-fungible token (NFT) project, has experienced significant fluctuations in its value recently. In December 2024, the price of the currency increased by 870% to reach $0.05, raising its market value to nearly $3 billion. However, this rise was followed by intense selling, with over $8.74 million worth of the currency sold, leading to a price drop of 54% within 24 hours.
On December 26, 2024, the currency witnessed an additional increase of 18%, bringing its price to $0.043. This rise was due to one of the market whales accumulating around 79.9 million PENGU tokens worth $2.79 million, in addition to the currency being listed on the South Korean exchange Bithumb, which boosted demand and liquidity.
Currently, the PENGU currency is trading at a price of $0.00921251, with a slight change of 0.11834% compared to the previous closing price. The daily value ranges between $0.00760878 and $0.00928032.
Despite these fluctuations, the project remains significant in the field of NFTs and digital currencies. This is attributed to future development plans, including the burning of unclaimed tokens after a certain period, which may contribute to price stability and increased scarcity of the currency. However, investors are advised to closely monitor market movements, given the impact of sales by large holders of the currency on its short-term performance.