On July 13, three major cryptocurrency platforms updated their avatars on X accounts to 'Fat Penguin' themed images, prompting active discussions within the crypto community.
Crypto Exchanges and 'Fat Penguin'
Major crypto companies, including OKX, OpenSea, and Coinbase, have updated their avatars on the social media platform X with a 'Fat Penguin' theme. This change is perceived as a possible endorsement of the Pudgy Penguins NFT culture or an indication of upcoming token announcements, despite the lack of formal statements from company leadership.
Market Response to the Changes
The market reacted with notable interest towards the avatar changes. While no specific initiatives or funding were detailed, user speculation has led to increased focus on the meme coin PENGU, which has recently appeared on trading platforms. Community discussions have centered around potential token airdrops or NFT collection upgrades.
Rise of Pudgy Penguins in the Market
Pudgy Penguins (PENGU) has a market capitalization of $1.56 billion with a price of $0.02. The 24-hour trading volume is $726.07 million, decreasing by 43.74% over the previous day. The price has seen a 388.43% increase over the last 90 days. Historical data shows that such actions on social platforms can lead to volatility in meme and NFT markets.
The 'Fat Penguin' avatars from major crypto exchanges have drawn attention to Pudgy Penguins and meme coins, but without official comments from the companies.
