PENGU (Pudgy Penguins) rose 7.52% in the last 24 hours

Gate News Bot news, on August 21, according to CoinMarketCap, as of the time of publication, PENGU (Pudgy Penguins) is currently priced at 0.03 USD, with a rise of 7.52% in the last 24 hours, reaching a high of 0.04 USD and a low of 0.03 USD. The current market capitalization is approximately 2.011 billion USD, an increase of 141 million USD compared to yesterday, currently ranked 49th.

Pudgy Penguins is a global IP focused on spreading penguins, meme culture, and a positive atmosphere. The brand is dedicated to producing content, merchandise, toys, and digital collectibles aimed at inspiring creativity, freedom, and community spirit. Pudgy Penguins believes in the power of play and imagination, and is committed to helping users unleash their inner child.

Important news from PENGU recently:

1️⃣ Pudgy Penguins plans to collaborate with global top 100 companies Pudgy Penguins CEO Luca Netz revealed that the brand is set to collaborate with a global top 100 company. This collaboration has been described as "very explosive" and "explosive", and is expected to have a significant impact on the market. Additionally, Pudgy Penguins plans to announce six heavyweight collaboration projects in the remaining time of this year, showcasing the brand's strategic direction of actively expanding its business and influence.

2️⃣ Abstract chain launch plan is being cautiously advanced Regarding the timing of the token issuance for the Abstract chain, Luca Netz emphasized that tokens will only be considered when Abstract can be clearly recognized as a Top 4 public chain in the cryptocurrency space. This cautious attitude indicates that the Pudgy Penguins team values project quality and long-term development over short-term gains, providing potential support for the long-term value of PENGU.

3️⃣ Blue-chip NFT market performs strongly The Bitwise Invest blue-chip NFT index fund has risen 92% over the past month, reflecting the strong overall market performance of blue-chip NFT projects, including Pudgy Penguins. This trend may provide potential rise momentum for the PENGU token, explaining its recent price increase.

From a technical perspective, PENGU has rebounded after a short-term decline, rising 7.52% within 24 hours, indicating that the market's confidence in the project is recovering. On the fundamental side, the positive expansion plans of the Pudgy Penguins brand and the overall strong performance of the blue-chip NFT market lay a solid foundation for PENGU's future development.

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