COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Pudgy Penguins Launches PENGU Token on Solana Blockchain
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Solana (SOL) > Pudgy Penguins Launches PENGU Token on Solana Blockchain
Solana (SOL)

Pudgy Penguins Launches PENGU Token on Solana Blockchain

In Brief

  • Pudgy Penguins launched its PENGU token on the Solana blockchain.

  • Solana's transaction volume surpassed all other major blockchains.

  • PENGU's launch generated significant interest and activity on the Solana network.

Ömer Ergin
Ömer Ergin 5 months ago
Share
SHARE

The Pudgy Penguins NFT project successfully launched its own token, PENGU, on the Solana $177 blockchain, significantly boosting the network’s activity. Solana, recognized as a cost-effective alternative to Ethereum $2,593, reached its highest transaction volume since 2020 by December 2024.

Contents
Solana VolumePENGU Token Launch

Solana Volume

The number of transactions on Solana surpassed the total of all other major blockchains, showcasing the network’s high activity level. According to data from Artemis, this figure markedly highlighted Solana’s performance.

The network also outperformed others in terms of daily decentralized exchange (DEX) trading volume and daily active addresses. However, it lagged behind Base, Ethereum, and Tron concerning stablecoin transfer volume. The substantial increase in volume was fueled by the excitement surrounding the launch of PENGU, with many participants receiving airdrops valued above $150, an occurrence that is rare.

PENGU Token Launch

The launch of the PENGU token began with Pudgy Penguins, Lil Pudgys, Rogs, and Soul Bound Tokens (SBT) holders participating in the PENGU airdrop. The project garnered over 100,000 requests in the first hour, and the website received 4.7 million views.

Initially, PENGU entered the market with a market cap of $2.3 billion, but according to Coingecko, its value declined to $2 billion. Solana’s native token, SOL, rose by 3.2% to $229 on Tuesday but could not sustain this momentum, falling back to $217.

Following Bitcoin $0.000044‘s increase in market leadership, SOL’s rise was anticipated, but cautious activity was observed ahead of the FED’s interest rate decision. Since the beginning of last year, Solana has become a popular option for individual investors seeking quick gains through meme coins, NFTs, and other small tokens.

Solana’s high transaction volume and trading activity have enhanced the impact of projects and new tokens on the platform, contributing to the ecosystem’s growth. The introduction of the PENGU token not only increased interest in the Solana ecosystem but also supported investor confidence and blockchain utilization.

Solana’s ongoing growth potential and its hosting of diverse projects signal positive indicators for the network’s future performance.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Solana Captures Market Attention with Innovative Revenue Sharing Model

DeFi Development Expands Solana Holdings with Strategic Acquisition

Solana’s Stellar Performance Captivates Enthusiasts

Solana Price Targets $510 as It Nears Critical Resistance

Bitcoin Surges While Solana Falters: Navigating Crypto’s Shifting Landscape

Ömer Ergin 18 December, 2024 - 8:14 pm 18 December, 2024 - 8:14 pm
Share This Article
Facebook Twitter
Share
Previous Article Fed Announces Interest Rate Decision, Influencing AVAX, ETH, and LTC Prices
Next Article Crypto Market Predictions for XRP Coin, HBAR, Solana, and CEEK Coin
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

JPMorgan Pushes Its Unique Crypto Network Forward
Altcoin News
Crypto Surge: Ethereum Rallies and Bitcoin’s Next Big Move
Cryptocurrency News
Crypto Markets Surge as Altcoins Eye Dramatic Upswing
Altcoin News
Discover Enormous Potential in Cryptocurrency’s Next Big Wave
Altcoin News Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?