Recently, an interesting phenomenon has emerged in the digital asset market: PENGU has surpassed the trading volume of the old DOGE on the Upbit exchange, becoming the volume king. This surprising development has attracted widespread attention in the market.
PENGU's rise has been quite dramatic. As a relatively young coin, its market cap is currently less than 1/13 that of DOGE. However, its trading volume has surpassed that of the old coin, which has a market cap of hundreds of billions, demonstrating tremendous potential.
Interestingly, this surge appears to be driven by silent support from the Korean community. Market flows indicate that funds continue to enter PENGU, and the trading market remains stable. This phenomenon more closely resembles the Korean market, which spontaneously drives PENGU's value up, rather than being a mere manipulation by speculators. Such organic increases are often more sustainable than short-term spikes, making it worthy of investor attention.
From the current situation, PENGU's rise may be just a prelude. Given that its trading volume has exceeded $DOGE , while there is still a significant gap in market capitalization, if the enthusiasm spreads to other exchanges or external communities, $PENGU could have significant room to grow.