On November 25, the PENGU token saw its price climb over 10% in 24 hours, outpacing the broader digital asset market. The launch of the second phase of the project’s collaboration with Edgen drove this positive price movement.
During the first stage, the project offered exclusive privileges only to holders of the Lil Pudgys and Pudgy Penguins NFT collections. The announced update shifts the focus from NFT owners to a broader audience.
“Phase 1 was for Pudgy NFT holders. Phase 2 is for the IP believers. the 250k+ $PENGU holders,” the announcement specified.
The initiative aims to reward the loyal community whose efforts drive the ecosystem’s growth.
The project’s native token maintained a bullish stance after the announcement, trading around $0.01136. The coin’s daily trading volume increased by 50% to reach $188 M. The broader market recovery supports this activity growth, with the overall market capitalization climbing by approximately 2%.
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