PENGU Token Price Surge After Bithumb Listing

PENGU Token Price Surge: Airdrop To Continue

PENGU Token Soars 602% After Bithumb Listing

Pudgy Penguins NFT collection’s official token PENGU has surged 602% in just a month’s time. The price has reached $0.03531 after rising by 13% within 24 hours. The most significant factor held responsible is the highly-awaited PENGU airdrop.

Bithumb Listing 

PENGU recently got listed on Bithumb, one of South Korea’s top crypto exchanges. This has resulted in giving the token added exposure to its already high demand, growing its market cap to $2.2 billion. PENGU token experienced a 161% increase compared to the previous day, its 24-hour trading volume reaching $1.54 billion.

Despite some early selling pressure, the token successfully rebounded and hit an all-time high of $0.06989, finally settling at $0.03745. The surge clearly reflects investor confidence and lots of attention from traders. 

Whale Activity, Airdrop To Continue

PENGU underwent a boost yesterday, when the Pudgy Penguins NFT sales jumped 40%. The token rose 24%, reaching $1.38 million. As a result, large whales are accumulating more of the PENGU tokens, further pushing the price up.

As per a report, a whale amassed $8.4 million profit in just 20 minutes’ time through PENGU trading.

Now, to keep the scenario as it is, Bithumb is planning an airdrop for PENGU traders. The exchange plans to offer 88,888,888 tokens to those traders who had traded the PENGU coins before Dec.25. You will have to wait for January 9 for this airdrop distribution.

PENGU Price Analysis

It is clearly visible from the stats and market events that PENGU has a clear way out to soar higher. However, there is still some resistance, especially due to the continued selling pressure from early airdrop recipients. The token is, as a result, 44% lower than its all-time high (ATH). Nonetheless, the Pudgy Penguins’ native currency has not failed in keeping a positive trend.

The token now just needs to break through some critical resistance levels to see further gains. As per analysts, the PENGU token price appears to be reaching the next milestone - the psychological $0.04 level.