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PENGU Token Soars 602% in Just One Month, Fueled By Upcoming Airdrop News
The cryptocurrency market has been witnessing a surge in token prices, and the latest news is no exception. The PENGU token has experienced an astonishing 602% increase in value over the past month, a remarkable performance that has left investors stunned.
One of the primary drivers behind this unprecedented growth is the upcoming airdrop announcement for PENGU traders. According to sources close to the matter, the token’s market capitalization has skyrocketed to a staggering $2.2 billion following the listing on Bithumb, one of South Korea’s top crypto exchanges.
The sudden influx of investment and trading activity has led to a 161% surge in the token’s daily trading volume, further fueling speculation and hype around PENGU. The token’s price jumped by an astonishing 24% in just 20 minutes after the listing news broke out, reaching an all-time high of $0.06989.
It appears that whales are also joining the fray, accumulating more PENGU tokens to take advantage of this explosive rally. In a shocking development, Lookonchain reported that one such whale made a massive profit of $8.4 million in just 20 minutes by trading PENGU.
While some analysts are cautioning against early airdrop recipients selling their stakes and contributing to the price drop, the majority remain optimistic about the token’s prospects. If PENGU can break through its current resistance levels, it could potentially see further gains, with many eyeing the psychological $0.04 level as the next significant milestone.
With the upcoming airdrop announcement set to be distributed on January 9, investors are eagerly awaiting the potential impact this news will have on the token’s value. For now, all eyes remain fixed on PENGU, as it continues its meteoric rise in an unprecedented market landscape.
Source: coinpedia.org
