The PENGU token in the Pudgy Penguins ecosystem on the Solana platform has seen an impressive 564% increase over the past 24 hours, driven by Binance listing and strong community support.
Impact of Binance Listing
On December 17, 2024, Binance announced the listing of PENGU token. The exchange opened trading pairs with USDT, BNB, FDUSD, and TRY. Before trading began, users received PENGU through an airdrop campaign, creating favorable conditions for the token’s launch.
Support Through Liquidity
The Meteora liquidity platform played a key role in PENGU’s market success. The community's contribution to DLMM liquidity pools reached $30 million. The platform's dynamic fee system generated $3 million in trading fees within five hours.
Effect of Airdrop Campaign
Mystery of Crypto revealed details of a PENGU airdrop targeting Phantom wallet users, distributing 2.4 billion PENGU. Each wallet received an average of 45,200 tokens, valued at approximately $2,200.
PENGU token's growth is significantly driven by strategic Binance listing and strong community support, underpinning Pudgy Penguins’ success in the crypto space.
