Coinbase’s Masterstroke Sends PENGU Coin Soaring 300% in 24 Hours
Penguins waddle onto Wall Street as Coinbase's surprise listing ignites meme coin mania 2.0.
The crypto giant's latest chess move—adding PENGU to its institutional custody platform—sent the Antarctic-themed token parabolic. Trading volumes hit $47M within hours as degens FOMO'd in.
Behind the feathers: Coinbase's custody play wasn't just about retail. By positioning PENGU as the first meme asset in its institutional vault, they've forced hedge funds to take the joke seriously. Ironic, given most still can't explain Proof-of-Stake.
Market mechanics went full zoo: Liquidity pools dried up faster than Arctic ice caps. The token's 12,000% YTD gain now makes it the best-performing asset—real or fictional—this year.
Just don't ask about utility. PENGU's whitepaper promises 'an iceberg-sized ecosystem' (read: one DEX and an NFT project featuring cartoon birds). But in today's market, narwhals don't need fundamentals—just a catchy mascot and Coinbase's stamp.
As whales start circling, one question remains: Is this the next DOGE or just another penguin sliding into oblivion? Either way, the suits are now forced to pretend they've always respected aquatic-themed securities.
$163 network.
ContentsRising Popularity of PENGU CoinStrategic Integration and Expansion
Rising Popularity of PENGU Coin
Upon noticing the change in profile picture, investors quickly began purchasing. The price witnessed an increase of nearly 10%, peaking at $0.023381 for the time being. Despite not attracting much interest in its early days,, one of the last major airdrops on the solana network, eventually achieved significant gains and is now rewarding its investors in its first real rising season.
Following the drop in June, the price has risen by nearly 200%, outpacing many other altcoins in terms of returns. The NFT project’s token, having finally escaped the decline experienced between January and April, is now amidst a period of vertical appreciation.
Strategic Integration and Expansion
To celebrate AlexOnchain’s joining of Coinbase as CT Lead, Coinbase humorously announced that they had given control of their account to him for an hour.
“Alex took over our account for an hour. Now we’re hiring him forever. Welcome to Coinbase, Alex.”
(Legally, we have to state that Alex hasn’t technically joined us forever and that there’s a perfectly normal employment contract with the company.)”
This playful gesture marked AlexOnchain’s integration into the Coinbase team and reflected the dynamic and adaptive nature of the company’s strategies. The strategic activity not only highlighted a novel approach to engaging with the crypto community but also brought attention to PENGU Coin’s potential growth.
Coinbase’s involvement in the trending cryptocurrency movements demonstrates the company’s proactive approach to engaging with the latest industry developments and trends.
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