From NFT Mascot to Meme Coin Powerhouse
PENGU, the meme coin inspired by the Pudgy Penguins NFT collection, has achieved a significant milestone by surpassing a $1 billion market cap on May 14.
This surge is attributed to its growing popularity and strong community support.
Market Stats
•Price: $0.01612
•24H Change: +13.24%
•Market Cap: $1.01B
•24H Volume: $436.57M
•Circulating Supply: 62.86B PENGU
•All-Time High: $0.06845
•All-Time Low: $0.00451
What’s Fueling the Surge?
•Community Engagement: PENGU’s rise is driven by its active community and the popularity of the Pudgy Penguins brand.
•Market Momentum: The meme coin market has seen increased activity, with PENGU benefiting from the trend.
•Exchange Listings: Availability on major exchanges like Binance has improved accessibility and trading volume.
Final Take
PENGU’s ascent to a $1 billion market cap underscores the influence of community-driven projects in the crypto space. While its future trajectory remains to be seen, the current momentum highlights the potential of meme coins to capture investor interest.
