Market Capitalization Surge: PENGU Token Surpasses Injective, Ondo, Celestia, Bonk, Immutable, and Others
news
1 min read
PENGU Overtakes Injective, Ondo, Celestia, Bonk, Immutable, and Others as Market Cap Surges 521%
In a remarkable turn of events, the PENGU token has seen an unprecedented surge in its market capitalization, surpassing notable projects such as WIF and GRT. This impressive growth, which represents a staggering 521% increase from its post-launch lowest points, is attributed to strategic partnerships, enhanced accessibility, and a targeted airdrop distribution.
PENGU’s remarkable rise has allowed it to overtake other prominent projects like Injective, Ondo, Celestia, Bonk, Immutable, and others. As the token continues to soar in value, its market capitalization now stands at $2,227,684,354, putting it firmly on the radar of industry observers.
This surge has been largely supported by PENGU’s listings on major exchanges like Binance and OKX, which have enabled spot trading and amplified liquidity. Furthermore, partnerships with services such as MoonPay have significantly enhanced its accessibility and usability.
Notably, PENGU’s airdrop distribution strategy, targeting both Pudgy Penguins holders and early adopters of Ethereum and Solana (referred to as OGs), has been instrumental in driving this growth. By engaging with these groups, the project has tapped into a broader audience, resulting in an unprecedented level of adoption.
It is also essential to highlight that PENGU’s daily transaction volume has reached 66.9 million shortly after its launch, which is a testament to the project’s widespread appeal and liquidity.
Source: coinjournal.net
