PENGU (Pudgy Penguins) fell 1.16% in the last 24 hours.

Gate News Bot News, on July 17, according to CoinMarketCap, as of press time, PENGU (Pudgy Penguins) is now trading at $0.03, down 1.16% in 24 hours, reaching a high of $0.04 and a low of $0.02. The current market capitalization is about $2.015 billion, a decrease of $23.7166 million from yesterday.

Pudgy Penguins is a global IP focused on spreading penguin culture, meme culture, and positivity. The brand produces content, merchandise, toys, and digital collectibles dedicated to unleashing the innocence within people. Pudgy Penguins believes in the power of play and imagination to convey creativity, freedom and community values through adorable penguin images.

PENGU's recent highlights:

1️⃣ KOREA EXCHANGE ACCUMULATES PENGU Three wallets linked to South Korean cryptocurrency exchanges have accumulated 945 million PENGU tokens worth $32 million in the past week. These wallets currently hold a total of 2.92 billion PENGUs, or 3.8% of the total supply, worth $96.73 million. THE MASSIVE BUYING ON THE KOREAN EXCHANGE SHOWS STRONG INTEREST IN PENGU FROM INSTITUTIONAL INVESTORS AND MAY SIGNAL THAT MORE KOREAN INVESTORS WILL PARTICIPATE IN PENGU TRADING IN THE FUTURE.

2️⃣ Pudgy Penguins may launch gaming handheld products Pudgy Penguins released a product image of a handheld gaming device featuring its NFT logo on social media, hinting at a possible launch of related hardware. This move indicates that Pudgy Penguins is actively expanding its IP ecosystem by combining NFTs with physical products, which is expected to bring more application scenarios and value support for the PENGU token.

3️⃣ Mainstream Exchange & Project Showcase Support Several major exchanges and projects, including Gate, OpenSea, and others, have changed their official social media account avatars to Pudgy Penguins-themed concept images. THIS BROAD SUPPORT SHOWS THAT PENGU'S INFLUENCE WITHIN THE CRYPTO INDUSTRY IS EXPANDING, HELPING TO BOOST ITS BRAND AWARENESS AND MARKET ATTENTION.

From a technical perspective, PENGU is currently in a strong upward trend, but the Relative Strength Index (RSI) has reached 81, entering the overbought zone, which may pose a risk of a short-term pullback. However, the continuous increase in trading volume and the tight candlestick patterns indicate that buying pressure remains dominant. On the fundamental side, PENGU's toy sales revenue achieved through physical retail channels, as well as its business model of sharing IP copyright revenue with NFT holders, provide substantial support for its value.

This message is not an investment advice; investors should be aware of market volatility risks.