South Korea’s main crypto change Upbit has introduced the itemizing of Pudgy Penguins (PENGU) on the KRW, BTC, and USDT exchanges, increasing traders’ entry to one of the vital recognizable NFT-themed meme tokens.
Upbit Lists Pudgy Penguins (PENGU) for Buying and selling on KRW, BTC and USDT Markets
Its inclusion on this checklist is the newest signal of rising market assist for meme cash with sturdy neighborhood assist and model consciousness.
In keeping with Upbit’s announcement, PENGU deposits and buying and selling will start shortly, and sure precautions and short-term restrictions shall be carried out to make sure a clean market entry.
Upbit reminds customers to rigorously verify community compatibility earlier than depositing PENGU, noting that incorrect deposits might require a prolonged restoration course of.
Below South Korea’s Journey Rule, PENGU transfers are solely accepted from verified digital asset service suppliers (VASPs) or whitelisted private wallets linked to a verified consumer.
Giant or suspicious deposits might require customers to offer proof of funds below Upbit’s compliance framework.
What’s PENGU?
PENGU is a fungible token created by the crew behind Pudgy Penguins, a widely known NFT collectible that includes cartoon penguin avatars.
Initially launched as a PFP (profile image) assortment, Pudgy Penguins has gained mainstream recognition by increasing into Web2 markets by toy gross sales, model collaborations, and merchandise.
The PENGU token was launched to beat the scalability limits of the fixed-supply NFT mannequin and goals to extend neighborhood engagement.
Whereas PENGU is presently categorized as a meme coin with no official use case, Upbit notes that the mission might evolve to combine token use circumstances as its ecosystem matures.
With its entry on Upbit, PENGU joins a rising checklist of meme and community-focused tokens which might be gaining traction amongst each particular person and institutional crypto traders.
*This isn’t funding recommendation.
