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Benzinga
Benzinga
Business
Aniket Verma

Why Has The Pudgy Penguins Token Shot Up 50% In The Past Week?

PENGU Pudgy Penguins Crypto Bitcoin Cryptocurrency Ethereum
A,Majestic,Emperor,Penguin,Stands,Gracefully,On,An,Ice,Floe

While Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have been moving sideways and offering traders little excitement, a cryptocurrency connected to the non-fungible token space has been quietly surging up the price charts.

What happened: Solana (CRYPTO: SOL)-based Pudgy Penguins (PENGU) soared 50% over the week, becoming the market's biggest gainer. The coin added over $350 million to its capitalization in this period.

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