One of the largest cryptocurrency exchanges in South Korea, Bithumb, has just listed Pudgy Penguins (PENGU) on its platform. The price of PENGU has skyrocketed by 20% immediately after the listing announcement, demonstrating the growing interest of investors ahead of major listing events. The token has attracted great attention due to its strong community support and recent vibrant market activities. Moreover, being listed on Bithumb opens up wider development opportunities for PENGU, especially in the Korean market, further fueling its growth momentum.
Bithumb Lists Pudgy Penguins
On December 24, Bithumb officially announced the listing of Pudgy Penguins (PENGU) on its KRW trading market. Deposits and withdrawals for this Solana platform token opened two hours after the announcement, while official trading began at 5:00 PM (KST). The base price was set at 43.89 KRW, reflecting the growing demand for PENGU in the cryptocurrency sector.
To ensure safe trading, Bithumb has imposed temporary limits on buy and sell orders. Buy orders are suspended for the first five minutes after trading begins. Similarly, sell orders are also restricted to avoid sharp price fluctuations, with the margin limited to -10% to +100% of the standard price during the initial trading period.
In addition, deposits are only supported through Bithumb-approved exchanges and the Solana network. Non-compliant deposits may experience processing delays or refunds, so users are required to strictly follow Bithumb’s deposit policies.
Price, Volume, and Market Context
Following the announcement of its listing on Bithumb, PENGU’s price surged by 20% to $0.031. Over the past 24 hours, the lowest and highest prices were $0.02573 and $0.03157, respectively. With a market cap of $1.96 billion and a trading volume of $581 million, the token is attracting significant attention.
Read more: Elon Musk’s xAI Successfully Raises $6 Billion
According to data from Coinglass, PENGU’s Futures market also saw a sharp increase in trading activity. Futures volume reached $687 million, while Open Interest hit $115 million, further solidifying the token’s growth momentum in the derivatives market.
Pudgy Penguins (PENGU) has increased in price by more than 700% since its launch and airdrop distribution, indicating strong demand for the token. The project quickly gained popularity in the crypto community, thanks to support from major exchanges. Notably, Binance also announced support for the new cryptocurrency, helping it continue to gain traction.
