The recently launched meme token PENGU, associated with the Pudgy Penguins brand, is now available for trading on the decentralized exchange Hyperliquid. This listing opens new opportunities for traders in derivatives.
PENGU's Debut on Hyperliquid
The PENGU token, linked to the well-known Pudgy Penguins brand, has commenced trading on the Hyperliquid platform. This event marks an important milestone for the token and expands its presence in the derivatives market.
PENGU's Price Increase Over the Week
In the past 7 days, the price of PENGU has nearly doubled, increasing by almost 100%. Despite a slight correction in the last 24 hours, the overall trend remains positive. Increased trading volume and community interest continue to support this growth.
The Significance of PENGU in the Crypto Industry
PENGU stands out among other meme tokens due to its backing from the Pudgy Penguins brand and the LayerZero technology enabling cross-chain interactions. This reflects the trend of NFT ecosystems evolving into broader forms with native tokens.
PENGU's debut on Hyperliquid indicates that meme tokens with real branding and utility can succeed. Analysts are now focusing on support levels, where a new growth impulse may be possible.
