Pudgy Penguins PENGU Token Extends Rally, Outperforms Dogecoin, Shiba Inu On Wednesday
Posted On December 18, 2024
Pudgy Penguins (CRYPTO: PENGU) newly launched token has found its way into established media, coinciding with a rally on Wednesday.
What Happened: In a FOX Business interview on Tuesday, Robinhood CEO Vlad Tenev expressed skepticism about meme coins, calling them “distractions.” He noted how easy it is to create such tokens, gain liquidity and launch them globally.
The interviewer specifically asked about PENGU, which debuted at a $2.3 billion valuation and peaked at $90 million in trading volume within the first hour. Tenev did not mention PENGU …
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