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PENGU price has plunged nearly 26% in the last 24 hours, reaching its lowest levels ever. Once the biggest meme coin on Solana, it has now been overtaken by TRUMP, BONK, and DOGWIFHAT.
Igloo Inc. just launched its consumer-focused Ethereum layer-2 chain Abstract, but Pudgy Penguins assets are falling amid benefit gripes.
The crypto market managed to recover Monday's sharp losses, but the volatility left a lasting impact on several altcoins. Despite the broader market rebound, some tokens failed to recover fully, with the drawdown leaving them vulnerable.
Igloo Inc., the company behind Pudgy Penguins, has officially launched Abstract Chain. Abstract is an Ethereum (ETH) layer-2 blockchain built to simplify access to Web3 applications.
In an astounding development, Abstract Chain, an Ethereum Layer-2 network launched by Pudgy Penguins' parent company, Igloo Inc., has gone live on the mainnet. Reportedly, the Ethereum-based Layer 2 blockchain is designed to empower crypto communities and facilitate user-centric Web3 applications.
How the larger Igloo ecosystem benefited PENGU's price in the last 24 hours.
Bitcoin (BTC) witnessed a sudden slump late on Sunday as the price plummeted from around $105,000 to an intraday low of $100,905. The flagship cryptocurrency is struggling to recover and is trading around $101,400, having dropped over 3% over the past 24 hours.
A tale of two traders - How PENGU's retail and whale investors are shaping the token's destiny.
PENGU token breaks above $0.028 resistance level with $430.56 million in trading volume, showing technical strength despite recent weekly volatility.
PENGU's breakout above $0.028 sparks optimism as Funding Rates and trading volume surge.
After bottoming out earlier in the week, PENGU continued its recovery on Jan. 23 with a sharp rally, fueled by community anticipation of the Abstract mainnet launch and related speculation. The Pudgy Penguins (PENGU) token rose 8.
Pudgy Penguins (PENGU) has become the market's top gainer, rising 6% in the past 24 hours. At the time of writing, the meme coin is trading at $0.025.
Whale-driven activity sparks questions as PENGU rebounds, setting sights on key resistance levels.
Here is how some of your favorite assets concluded the week.
Bitcoin (BTC) briefly reclaimed $100,000 after registering a jump of almost 3%, making a strong recovery after plunging below $90,000 a day prior. The increase can be attributed to fresh inflation data and regulatory developments considered bullish for the flagship cryptocurrency.
The PENGU meme coin, currently in a tight race with Bonk (BONK), has crossed a $2 billion market cap, but its ADX and RSI indicators show mixed signals.
PENGU price has surged more than 9% in the last 24 hours, reclaiming the $2 billion market cap threshold. This rally solidifies its position as the second-largest meme coin on Solana, trailing BONK closely in a fierce competition for the top spot.
As Bitcoin (BTC) hits its lowest level since mid-November, major meme cryptocurrencies are on the list of the worst performers in the last 24 hours. Meanwhile, the liquidation tsunami erased over half a billion in crypto positions.
PENGU price has dropped roughly 10% in the last 24 hours after becoming Solana's biggest meme coin. Despite its recent popularity, the asset's momentum has slowed, with technical indicators suggesting potential consolidation or further downside.
Pudgy Penguins assets are all rising in value ahead of the launch of Abstract, an Ethereum layer-2 network from the project's parent company.
PENGU's surge highlights the volatile nature of crypto markets and the potential impact of speculative partnerships on asset valuations. The post Pudgy Penguins' PENGU token soars 26%, flips OP in market cap appeared first on Crypto Briefing.
As Bitcoin (BTC) tries to recapture the $100k level, the cryptocurrency market led by Sui (SUI), Pudgy Penguins (PENGU), and Rai Reflex Index (RAI) has come into life once again ahead of the much-anticipated swearing-in of Donald Trump as the 47th president of the United States.
Pudgy Penguins (PENGU), a Solana meme coin, has surged by 12%, reaching $0.40, fueled by a strong bullish trend in the broader crypto market.
AI16Z has achieved a $2.581 billion market cap and set a new benchmark for AI-powered tokens on Solana.
