PENGU (Pudgy Penguins) fell 3.32% in the last 24 hours.

Gate News Bot message, on August 19, according to CoinMarketCap data, PENGU (Pudgy Penguins) is currently priced at 0.03 USD, down 3.32% in the last 24 hours, with a high of 0.04 USD and a low of 0.03 USD. The current market capitalization is approximately 1.973 billion USD, a decrease of 67.701 million USD compared to yesterday.

Pudgy Penguins is a global IP brand focused on spreading penguin imagery, meme culture, and a positive atmosphere. The project produces content, merchandise, toys, and digital collectibles, dedicated to unleashing the childlike innocence within people. The Pudgy Penguins brand advocates for creativity, freedom, and community spirit, aiming to provide users with a warm "penguin family" experience.

PENGU Recent Important News:

1️⃣ Pudgy Penguins plans to achieve a major collaboration with the global top 100 companies Pudgy Penguins CEO Luca Netz revealed that the brand is about to collaborate with a top 100 global company. This collaboration has been described as "very explosive" and "explosive," and is expected to have a significant impact on the market. In addition, Pudgy Penguins plans to announce six major collaboration projects for the remainder of this year, demonstrating the brand's strategic direction of actively expanding its business and influence.

2️⃣ Abstract chain release plan proceeds cautiously Regarding the timing of launching tokens for the Abstract chain, Luca Netz emphasized that tokens will only be considered when Abstract can be clearly recognized as one of the Top 4 public chains in the crypto space. This cautious attitude indicates that the Pudgy Penguins team values project quality and long-term development over short-term gains.

3️⃣ Blue Chip NFT Market Shows Strong Performance The Bitwise Invest Blue-Chip NFT Index Fund has risen by 92% over the past month, reflecting the strong overall market performance of blue-chip NFT projects including Pudgy Penguins. This trend may provide potential upward momentum for the PENGU token.

Although PENGU has experienced a fall in the short term, the positive expansion plans of the Pudgy Penguins brand and the overall strong performance of the blue-chip NFT market may provide support for its future price trends. However, considering the high volatility of the cryptocurrency market, investors still need to cautiously assess the risks.

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