Pudgy Penguins surge intraday, successfully enter top 50 by market cap

Uk Jin

Summary

It was reported that Pudgy Penguins increased by 9.86% on Upbit compared to the previous day, entering the top 50 by market capitalization.
It was stated that active NFT trading contributed to the rise of Pudgy Penguins.
The floor price of Pudgy Penguins NFTs on OpenSea has risen 15.6% over 24 hours, reaching 16.6 ETH.

Pudgy Penguins (PENGU) is on an upward trend during the session.

As of 2:10 PM KST on the 21st, Pudgy Penguins was trading at ₩46.47 on the cryptocurrency exchange Upbit, up 9.86% from the previous day. With this rally, Pudgy Penguins has reached a market capitalization of $2,151,600,000, pushing out Worldcoin (WLD), Official Trump (TRUMP), and others to secure the 50th spot in overall cryptocurrency market capitalization rankings.

The background of Pudgy Penguins' rise is analyzed to be related to Non-Fungible Tokens (NFTs). According to the NFT marketplace OpenSea, over 40 Pudgy Penguins NFTs have been sold in the past hour. It was found that two whales purchased 9 and 12 NFTs respectively. The floor price for Pudgy Penguins NFTs has risen 15.6% over the last 24 hours, hitting 16.6 Ethereum (ETH).

PENGU