PENGU token pumps after Coinbase updates X profile with Pudgy Penguins’ NFT

Uncover insights within the Bitcoin area. This article dives into: “PENGU token pumps after Coinbase updates X profile with Pudgy Penguins’ NFT”.

Key Takeaways

• Coinbase’s change to a Pudgy Penguins NFT for its X profile image despatched PENGU token hovering as much as 13%.
• The change led to noticeable volatility within the PENGU token market.

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PENGU token jumped as a lot as 13% after Coinbase up to date its official X profile image to a Pudgy Penguins NFT, in keeping with Binance information.

Coinbase’s new profile picture comes on the heels of Alex, previously with Binance, taking over the function of Head of Crypto Twitter Communications to reinforce the agency’s public messaging and group ties.

“Normal job announcements are boring. I had to do something different, and a twitter takeover felt right,” Alex mentioned in a Friday assertion.

“The new focus is making comms more social native – direct, transparent and engaging. That’s the path to building a bigger appreciation for everything they’ve contributed to this space (which is a lot), and to help reconnect with ct. They’re already working on it, and I’ve joined to be a part of that change,” he added.

At the time of writing, PENGU modified fingers at round $0.023, up over 20% within the final 24 hours. The token has regained upward momentum since Wednesday, as Bitcoin’s rally has lifted the general crypto market.

In addition, optimistic regulatory developments, with the SEC having lately acknowledged Canary Capital’s spot PENGU ETF utility, additionally helped increase its momentum.

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