The PENGU token secured first place in the Kraken x Williams Racing contest, earning the Pudgy Penguins brand a spot on a Formula 1 vehicle. This event opens new opportunities for the brand and the token.
Victory in Partnership Contest with Williams Racing
PENGU emerged as the leader in trading volume on the Kraken platform during the contest, granting Pudgy Penguins the opportunity for branding on the Williams Racing FW47 car.
This partnership will ensure notable brand presence at the Singapore Grand Prix, where the car will reach speeds exceeding 200 mph.
PENGU Token Performance Highlights
The PENGU token exhibited remarkable gains, achieving a 30-day return of 55.1%. Despite a 24-hour dip of 11.8%, it managed to recover with a 1.4% increase over the week. Ongoing listings on exchanges such as Ripio and Arkham have improved the token’s accessibility and liquidity.
NFT Market Success of Pudgy Penguins
The Pudgy Penguins collection shows sustained interest, holding the fourth position in 24-hour NFT rankings with a total sales volume of $1.01 million. Over the week, the collection ranked fifth with a total sales volume of $5.72 million. The interest from both buyers and sellers has remained balanced.
The debut of the Pudgy Penguins mascot at the Singapore Grand Prix highlights the growing popularity of the PENGU token and the NFT collection. Achievements in competitions and on the market pave the way for positive brand promotion.
