PENGU gains 10% after Pudgy Penguins’ partnership with Edgen enters new phase
Digital currencies remained elevated on Tuesday, as Bitcoin swayed above $87,500.
The global crypto market cap has increased by roughly 2% since yesterday, with many tokens hinting at recoveries.
Meanwhile, meme token PENGU outperformed the broader market with an over 10% 24-hour surge, fueled by the rollout of the second phase of its collaboration with Edgen.
Announced late on November 24, the development extended collaborative efforts that prioritized Pudgy NFT holders to include the broader PENGU community.
As the team highlighted:
Phase 1 was for Pudgy NFT holders. Phase 2 is for the IP believers. The 250K PENGU holders.
The goal is to introduce an innovative layer of value and recognition to loyal individuals who have fueled the project’s growth.
Most importantly, this shift represents a breakthrough for the Pudgy brand as it highlights a team focused on cementing PENGU’s status in the growing NFT industry.
Phase two welcomes more holders.
First and foremost, what did the earlier stage of this partnership comprise?
Well, here, the benefits were exclusive to holders of Lil Pudgys and Pudgy Penguins non-fungible tokens.
That approach was crucial in solidifying the connection between the project and loyal individuals who have participated since the start.
However, Phase 2 is changing that. The new stage unlocks Edgen+s’ Expert Plan to more than 250,000 PENGU holders.
Massive move. Phase 1 proved the power of the core holders
Phase 2 is where the IP believers show what real network strength looks like.
250k+ $PENGU holders plugging into Pudgy IP is not just an expansion…
it’s a distribution machine.
Pudgy Penguins is no longer limiting benefits to a few holders, now inviting the broader community to enjoy the perks of its strategic alliance.
Meanwhile, Phase 2 demonstrates the Pudgy team’s dedication to ensuring firsthand benefits to participants, who are now more than just collectors and investors.
Understanding Edgen
Edgen is a personal-growth and lifestyle platform for helping users enhance their skills and stay motivated while unlocking new opportunities.
It is a brand that blends community rewards, productivity tools, and learning.
On the other hand, Edgen+ is the platform’s premium version, promising users a standard experience and more exclusive tiers.
It offers deeper learning, advanced features, and exclusive incentives.
In that context, Pudgy Penguins is leveraging Edgen+ to offer PENGU holders access to advanced experience and additional rewards.
As the collaboration extends, PENGU investors can enjoy free access to Edgen+’s Expert Plan for a premium experience.
PENGU price outlook
Pudgy Penguins’ native token maintained a bullish stance after the announcement.
PENGU is now 10% up on its 24-hour chart, exchanging hands at $0.01136.
Chart by Coinmarketcap
The Solana-based altcoin has seen its daily volume increase by 50% to $188 million as speculative trading fuels activity.
Improved broader sentiments in the past day and Edgen’s partnership expansion propel PENGU’s price.
Whether PENGU continues its rally in the near-term or corrects depends on the overall crypto market performance.
