Binance has resolved an information glitch that affected the Pudgy Penguins PENGU token itemizing and brought about discrepancies in market knowledge. The difficulty stems from a delay in updating token data by CoinMarketCap, affecting the token’s market capitalization and totally diluted valuation.
However, the platform swiftly addressed the state of affairs and introduced a 135 million PENGU token airdrop for eligible customers. This goals to compensate the customers who’ve confronted challenges as a result of difficulty.
Binance Resolves PENGU Token Data Glitch with Airdrop
On December 18, Binance announced the decision of an information difficulty affecting the Pudgy Penguins (PENGU) token following its itemizing on the alternate. The drawback stemmed from a delay in updating key knowledge factors, akin to market capitalization and totally diluted valuation, offered by CoinMarketCap. This brought about discrepancies within the displayed data for the Pudgy Penguins. The alternate shortly recognized the difficulty and notified CoinMarketCap, which subsequently up to date the information.
To handle person inconvenience, Binance introduced a 135 million PENGU token airdrop for individuals who bought Pudgy Penguins (PENGU) between 14:00 and 14:37 UTC on December 17. The airdrop can be distributed based mostly on the quantity of PENGU tokens every eligible person bought through the snapshot interval. It emphasised that blockchain transparency makes on-chain knowledge essentially the most dependable, with third-party knowledge used for comfort.
This swift motion by the top crypto exchange underscores its dedication to person satisfaction. By addressing the difficulty promptly, the alternate not solely mounted the issue but additionally offered compensation to impacted merchants. The airdrop serves as a goodwill gesture, reinforcing the alternate’s popularity as a responsive and customer-focused platform.
PENGU Token Price Surge and Market Context
The PENGU token noticed a big worth surge following its listing on Binance, with a 500% enhance in its worth inside 24 hours. At the time of writing, the token exchanged fingers at $0.029. Its all-time excessive reached $0.05, reflecting sturdy investor curiosity and market enthusiasm following the itemizing. The speedy rise in PENGU’s worth highlights rising curiosity within the Pudgy Penguins challenge. As extra customers uncover the token, additional positive aspects are possible.
In distinction, the Simon Cat (CAT) token, which additionally noticed an inventory on Binance, skilled a decline in its worth. The CAT token was buying and selling at $0.000043, down 31% within the final 24 hours. Despite this drop, the token’s market capitalization is at $290 million, with buying and selling quantity reaching $600 million.
The surge in PENGU’s worth highlights the joy surrounding new listings. This potential for worth motion is catching the eye of merchants. The efficiency of 1 token might affect developments throughout the broader cryptocurrency market.
Coingape Staff
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