New York – Gemini, a leading cryptocurrency exchange, has announced the immediate availability of PENGU, the official token of the Pudgy Penguins NFT collection, for trading on its platform. The listing includes enabled deposits and withdrawals, allowing users to buy, sell, and store the token.
The announcement was made by Gemini via its official social media channel, stating, "> PENGU is now available for trading on Gemini. Deposits & withdrawals enabled ✅ Buy, sell, and store today: https://t.co/ZjfPNRBSNr". This move expands the accessibility of PENGU to Gemini's user base across over 60 countries, including the United States.
PENGU serves as the native cryptocurrency within the Pudgy Penguins ecosystem, a prominent NFT collection known for its vibrant community and extensive brand reach in Web3. Initially launched on the Ethereum blockchain as an ERC-20 token, PENGU has also been deployed on Solana to facilitate faster transactions and lower fees, demonstrating a multi-chain strategy.
Since its launch in late 2024, PENGU has experienced significant market activity. While it saw an initial price drop after its debut, it has since achieved a market capitalization placing it among the notable cryptocurrencies. Its value has been influenced by factors such as airdrops to NFT holders and listings on major exchanges.
The listing on Gemini follows PENGU's inclusion on several other prominent cryptocurrency exchanges, including Binance, OKX, Bybit, Coinbase, Bithumb, Upbit, and LCX. These listings underscore the token's growing market presence and the increasing interest from both retail and institutional investors in the Pudgy Penguins brand. Gemini, founded by Cameron and Tyler Winklevoss, is a New York-based, regulated exchange known for its security and compliance standards.