PENGU_USDT has been actively trading since its official launch on December 17, 2024, on Gate, with a market capitalization exceeding 2 billion USD and an average daily trading volume of over 17M USDT, ensuring ample liquidity.
Pudgy Penguins was initially a highly popular NFT project, with its genesis collection consistently ranking among market hotspots. The launch of the PENGU token not only carries the activity of the original NFT community but also further empowers community governance, holder rights, and ecological incentives.
Since its listing, the 24h highest trading volume of PENGU_USDT has once exceeded 1.09B USD. With continuous listings on multiple mainstream exchanges and deep participation from market makers, the current price of 0.0329 USDT is now in line with the average price across the network, demonstrating a good price discovery mechanism and liquidity depth.
Recently, Canary Capital submitted an NFT-focused ETF filing to the U.S. Securities and Exchange Commission, proposing that PENGU assets account for as much as 80%-95%. If the ETF is approved, it will bring institutional-level funding opportunities for PENGU and may lead to significant capital inflows and valuation increases in the medium to long term.
In summary, PENGU_USDT combines the NFT community with new DeFi scenarios, possessing certain medium to long-term growth potential. Investors should pay attention to market sentiment, policy dynamics, and project developments when positioning themselves, and should manage their positions and plan for stop-loss accordingly.