Pudgy Penguins ($PENGU) Token Listing On Binance Resolved
Pudgy Penguins (PENGU) Airdrop: Binance Fixes Glitch
Recently it was reported that the PENGU token airdrop lost half its value post Dec.17 airdrop. The coin was listed on various exchanges including Binance. However, Binance has now fixed the token glitch, and even announced 135 million tokens to particular users, as the price surges 500% after listing.
As per Binance, it was a data glitch, where a delay in updating token information affected the market capitalization and fully diluted valuation, causing discrepancies.
A Surprise Compensation Airdrop
Binance has been swift enough in solving the matter. It has also announced the 135M PENGU token airdrop to compensate the users who faced the resulting trouble. More specifically, the users are those who bought the PENGU coins between 14:00 and 14:37 UTC yesterday Dec.17.
The announcement comes today December 18, as the discrepancies in the displayed information for the Pudgy Penguins surfaced, and the platform identified, updated and solved the same.
The airdrop distribution will be based on the volume of PENGU coins purchased by each eligible user during the above-mentioned period. Binance also opined that on-chain data is most reliable when there is blockchain transparency.
Binance Strengthens Its Reputation
Binance is one of the top crypto exchanges, and its quick response in solving the matter and introducing the airdrop align with its commitment to user satisfaction.
PENGU Token Price Surge
After getting listed on Binance, Pengu token has seen a significant price surge of around 500% within 24 hours. Its ATH (all-time high) has been $0.029, highlighting strong investor interest, market enthusiasm post-listing, as well as growing interest in the Pudgy Penguins project. Further gains are predicted as more and more users discover the token.
Simon Cat (CAT) Token On Binance
The CAT token was also listed on the major exchange Binance, however, it saw a 31% decline in the last 24 hours after trading at $0.000043. However, optimism remains, for the token’s market capitalization is still at $290 million and the trading volume also reached $600 million.
Bottom Line
All these events show the level of excitement that surrounds new listings like that of the PENGU token. Traders are attracted to such price movements and the performance of one single token holds the power to transform trends for other elements in the cryptocurrency market.
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