One of South Korea’s largest crypto exchanges, Bithumb, has listed Pudgy Penguins on its platform. PENGU worth surged 20% following the itemizing announcement, reflecting elevated investor curiosity amid main listings. The token has garnered important traction resulting from its sturdy group assist and up to date market actions. Besides, this new itemizing positions PENGU for better adoption, particularly inside the Korean market, additional fueling its ongoing rally.
Bithumb Lists Pudgy Penguins
On December 24, Bithumb announced the addition of Pudgy Penguins (PENGU) to its KRW market. Deposits and withdrawals for the Solana-based token opened two hours after the discover, with buying and selling scheduled to start at 5:00 PM KST. The base worth was set at 43.89 KRW, aligning with its rising demand within the crypto house.
To guarantee safe buying and selling, Bithumb carried out non permanent restrictions on purchase and promote orders. Buying orders have been paused for the primary 5 minutes after buying and selling began. Similarly, promoting orders have been restricted to keep away from drastic worth actions, capped at -10% and +100% of the usual worth throughout the preliminary buying and selling part.
Meanwhile, deposits are completely supported by Bithumb-approved exchanges and the Solana community. Non-compliant deposits could face delays in processing or refunds, making adherence to Bithumb’s deposit insurance policies essential for customers.
Price Volume and Market Context
Following the Bithumb itemizing announcement, PENGU worth skilled a big 20% surge, buying and selling at $0.031. Its 24-hour high and low are $0.02573 and $0.03157 respectively. With a market capitalization of $1.96 billion and a buying and selling quantity of $581 million, the token is gaining important consideration.
As per Coinglass, PENGU’s Futures market additionally noticed a surge in buying and selling exercise. Futures quantity hit $687 million, whereas Open Interest reached $115 million, additional supporting the token’s rising traction within the derivatives market.
Pudgy Penguins (PENGU) worth has surged over 700% since its preliminary launch and airdrop distribution, signaling sturdy demand for the token. The challenge has quickly gained reputation inside the crypto group, additional solidified by the assist of the leading crypto exchanges. For context, Binance has also revealed its support for the just lately launched crypto, which has gained notable traction.
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