PENGU (Pudgy Penguins) fell 9.70% in the last 24 hours

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, PENGU (Pudgy Penguins) is currently priced at $0.01, down 9.70% in the last 24 hours, with a high of $0.02 and a low of $0.01. The current market capitalization is approximately $835 million, a decrease of about $89.7308 million compared to yesterday. PENGU is currently ranked 74th in the market capitalization of crypto assets.

Important news about PENGU recently:

1️⃣ The Solana ecosystem welcomes the PENGU token The Pudgy Penguins project recently announced the launch of the PENGU token on the Solana blockchain. This move marks an important step for the project towards multi-chain development and is expected to expand its influence across different blockchain ecosystems.

2️⃣ Token airdrop events attract market attention The airdrop plan of PENGU token has sparked widespread discussion in the market. Some traders have started actively trading PENGU before the airdrop, and this anticipation may impact short-term price movements. However, early participation may carry risks, and investors should proceed with caution.

3️⃣ Whale activity and media attention increase The activities of large holders (commonly known as “whales”) have increased, while media coverage of PENGU has risen. This combination effect may lead to fluctuations in market sentiment, potentially triggering significant price changes in the short term.

From a technical perspective, the PENGU price has experienced a significant fall in the past 24 hours. The current price is at a recent low, and market participants need to closely monitor whether support will form and lead to a rebound, or if it will continue to decline.

This message is not intended as investment advice; investors should be aware of market volatility risks.