Growing interest in meme coins is evident on South Korean exchanges Bithumb and Upbit, significantly reflected in PENGU token purchases.
Major PENGU Acquisitions
Wallets linked to Bithumb and Upbit acquired 945 million PENGU tokens worth $32 million within one week. These purchases have significantly increased their total holdings.
Price and Trading Volume Increases
This activity led to a substantial price increase for PENGU, with a rise of over 27% within 24 hours. The growing interest among investors has elevated its status in the market.
Meme Coin Market
PENGU has emerged as the sixth most traded coin on Upbit and ranked among the top 10 on Bithumb. This highlights the heightened interest in meme coins and their rapid price fluctuations.
Current developments in the South Korean market underscore the growing interest in meme cryptocurrencies, which may lead to further price and trading volume changes in the near future.
