Pudgy Penguins (PENGU) Token Skyrockets 500%, While Acet (ACT) and Peanut the Squirrel (PNUT) Struggle to Regain Traction

The crypto market has seen mixed results with recent token listings, reflecting the ongoing volatility and uncertainty in the space.

The cryptocurrency market has displayed mixed results with recent token listings, reflecting the ongoing volatility and uncertainty in the space. While some tokens have delivered remarkable gains, keeping traders engaged, others have struggled to maintain traction or regain momentum. This divergence underscores the unpredictable nature of the market as traders evaluate whether sharp price movements are sustainable.

Pudgy Penguins (PENGU) has emerged as the top-performing token, experiencing an impressive 502.50% surge in the past 24 hours. The token is now valued at $0.030119 and has achieved a trading volume exceeding $2.15 billion. This signifies a significant interest and enthusiasm from investors around the project. Meanwhile, other tokens are printing gains. This article curates the most trending coins on GeckoTerminal.

Trending Coins on GeckoTerminal

1. Pudgy Penguins (PENGU)

2. Pengu’s gf (PINGI)

3. Unicorn Fart Dust (UFD)

4. Trust The Process (TRUST)

5. Wall Street Pepe ($WEPE)

Pudgy Penguins (PENGU) price today is $0.03226 with a 24-hour trading volume of $563.87M. PENGU price dropped 34.49% in the last 24 hours. It has a fully diluted valuation of $2.86B and a total market cap of $2.03B, placing it at rank 104 on CoinGecko.

PENGU's price began the day with a sharp decline, falling to $0.03226 from $0.04988 at the last night. This marks a significant 34.49% decrease over the past 24 hours. However, there are hints of recovery, with a slight increase of 0.28% in the last five minutes, though the 1-hour view shows a decline of 5.58%.

The market activity for PENGU is robust, with a high trading volume and liquidity at $24.02M, indicating strong engagement from traders. With around 426.6K holders, the cryptocurrency maintains a considerable user base, which could signify widespread interest or speculative trading. The fully diluted valuation stands at $2.86B, with a market cap of $2.03B, showcasing its significant market presence.

$PENGU is live on @Binance. pic.twitter.com/qY5uwuT62t

— Pudgy Penguins (@pudgypenguins) December 17, 2024

After an initial sharp decline, the price seems to be consolidating, with smaller movements and a flattening trend. This could suggest that after an initial panic or profit-taking phase, traders are now holding their positions, possibly waiting for new developments or market signals.