Connect with us

24/7 Cryptocurrency News

Pudgy Penguins (PENGU) Token Glitch Fixed by Binance with Airdrop Surprise

Published

5 days ago

on


Binance has resolved a data glitch that affected the Pudgy Penguins PENGU token listing and caused discrepancies in market data. The issue stems from a delay in updating token information by CoinMarketCap, affecting the token’s market capitalization and fully diluted valuation.

However, the platform swiftly addressed the situation and announced a 135 million PENGU token airdrop for eligible users. This aims to compensate the users who have faced challenges due to the issue.

Binance Resolves PENGU Token Data Glitch with Airdrop

On December 18, Binance announced the resolution of a data issue affecting the Pudgy Penguins (PENGU) token following its listing on the exchange. The problem stemmed from a delay in updating key data points, such as market capitalization and fully diluted valuation, provided by CoinMarketCap. This caused discrepancies in the displayed information for the Pudgy Penguins. The exchange quickly identified the issue and notified CoinMarketCap, which subsequently updated the data.

To address user inconvenience, Binance announced a 135 million PENGU token airdrop for those who purchased Pudgy Penguins (PENGU) between 14:00 and 14:37 UTC on December 17. The airdrop will be distributed based on the volume of PENGU tokens each eligible user purchased during the snapshot period. It emphasized that blockchain transparency makes on-chain data the most reliable, with third-party data used for convenience.

This swift action by the top crypto exchange underscores its commitment to user satisfaction. By addressing the issue promptly, the exchange not only fixed the problem but also provided compensation to impacted traders. The airdrop serves as a goodwill gesture, reinforcing the exchange’s reputation as a responsive and customer-focused platform.

PENGU Token Price Surge and Market Context

The PENGU token saw a significant price surge following its listing on Binance, with a 500% increase in its value within 24 hours. At the time of writing, the token exchanged hands at $0.029. Its all-time high reached $0.05, reflecting strong investor interest and market enthusiasm following the listing. The rapid rise in PENGU’s price highlights growing interest in the Pudgy Penguins project. As more users discover the token, further gains are likely.

In contrast, the Simon Cat (CAT) token, which also saw a listing on Binance, experienced a decline in its price. The CAT token was trading at $0.000043, down 31% in the last 24 hours. Despite this drop, the token’s market capitalization is at $290 million, with trading volume reaching $600 million.

The surge in PENGU’s price highlights the excitement surrounding new listings. This potential for price movement is catching the attention of traders. The performance of one token could influence trends across the broader cryptocurrency market.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

24/7 Cryptocurrency News

Ripple Transfers 90M Coins, What’s Happening?

Published

7 hours ago

on

December 22, 2024

By


XRP has regained its footing above the $2 support level, fueled by significant whale activity. In only 30 minutes, 90 tokens, worth approximately $202,5 million, were transferred to unknown wallets.

Ripple has emerged as one of the top post-election performers, quadrupling in value since November 5. This impressive rally, alongside gains in other cryptocurrencies, has spotlighted digital assets and fueled speculation about their potential trajectory heading into 2025.

XRP Whales Make Massive Moves, Sparking Price Speculation

XRP has regained its footing above the $2 support level, fueled by significant whale activity. In only 30 minutes, 90 tokens, worth approximately $202,5 million, were transferred to unknown wallets.

The unusually large withdrawals, flagged by Whale Alert, have sparked heightened interest among investors and increased speculation about the token’s future price movement.

Whale Alert reveals that the recent XRP transfers consisted of two significant transactions. The largest involved 50 million tokens, valued at approximately $112.5 million, moved to a newly created wallet. The second transaction saw 40 million tokens worth $90 million sent to a recently activated address.

The destination wallets are not linked to any known cryptocurrency exchanges, leading investors to speculate that high-net-worth individuals or institutional investors may be accumulating Ripple. This has fueled expectations of further price movement. Also, recently, renowned hedge fund manager Scott Melker has revealed that former President Donald Trump is actively accumulating XRP and HBAR tokens.

Crypto analysts think that large transfers to exchanges from unknown wallets are often a bullish indicator. This is a signal that the whales-the major holders-are moving their holdings to cold storage, which typically reflects a long strategy, rather than short-term selling. This can set up a positive outlook for the cryptocurrency’s price. However, the reversal situation results usually with reversal outcome so it’s interesting the price is still on the rise.

This development comes as a US appeals court announces the filing deadlines for the opening and reply briefs by Ripple and its CEO, Brad Garlinghouse.

Holding Steady at Key Support, Awaiting Next Move

XRP and the broader cryptocurrency market have remained relatively flat in recent days, with the token holding critical support levels that could spark a renewed uptrend. At the time of writing, XRP was trading at $2.25, reflecting a slight 0.35% rise over the past 24 hours.

If the bulls stay in control, Ripple may continue its upside, having key resistances between $3.62 and $4.30. A break above such a range could send prices towards $5.73. At 46, though, the RSI rests, showing that sellers have still managed to be at the helm and cap upside momentum. Increased buying pressure will, thus, be critical for resuming the uptrend.

The Awesome Oscillator supports a bullish divergence with the histogram bars turning positive, yet still remaining in negative territory. This indeed would hint at a possible reversal, though additional buying pressure needs to be generated to confirm the uptrend.

The critical support level that traders should watch is at $2.20. A drop below this might set off panic and send prices lower.

In spite of this uncertainty and the possible bearishness of it all, this token is still attracting a great deal of interest from institutional investors-a fact that points to its long-term potential.

✓ Share:

Teuta Franjkovic

Teuta is a seasoned writer and editor with over 15 years of expertise in macroeconomics, technology, and the crypto and blockchain sectors.

She began her career in 2005 as a lifestyle writer for *Cosmopolitan* before transitioning to business and economic reporting for renowned outlets like *Forbes* and *Bloomberg*.

Inspired by thought leaders like Don and Alex Tapscott and Laura Shin, Teuta embraced blockchain’s potential, viewing cryptocurrency as one of humanity’s most transformative innovations.

Since 2014, she has specialized in fintech, focusing on crypto, blockchain, NFTs, and Web3. Known for her strong collaboration and communication skills, Teuta also holds dual MAs in Political Science and Law.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

24/7 Cryptocurrency News

How Low Will Ethereum Price Go By The End of December?

Published

10 hours ago

on

December 22, 2024

By


In a recent analysis, crypto analyst Justin Bennett provided insights into how low the Ethereum price could drop by the end of December. This came as the analyst revealed that buyers need to step or ETH could enter next week with a bearish outlook.

How Low Ethereum Price Can Go By Year-End

In an X post, Justin Bennett suggested that the Ethereum price could drop to as low as $3,027 by year-end. While analyzing ETH’s daily chart, the analyst stated that ETH needs to flip $3,541 as support to turn bullish next week. If that doesn’t happen, he remarked there is a decent chance that Ethereum drops lower. The analyst’s accompanying chart showed that ETH could even drop to as low as $2,560 if it loses the $3,027 support level.

ImageImage

In an earlier X post, the crypto analyst stated that he is bullish on the Ethereum price based on the overall setup going into 2025. however, he believes that buyers still have work to do. He gave an example of how ETH needs to recover $3,540 on the weekly time frame to look bullish next week.

These buyers already look to be stepping in, as there has been an accumulation trend among ETH whales. Coingape reported that Ethereum whales are buying the dip as ETH eyes a quick rally to $4,000.

These whales have withdrawn 17,698 ETH worth $61.66 million from the crypto exchange Binance. Donald Trump’s World Liberty Financial has also gotten in on the act as the DeFi project accumulated more ETH on this dip.

Correction Might Be Over

In an X post, crypto analyst Titan of Crypto provided a more bullish outlook for the Ethereum price, stating that the correction might be over. The analyst made this statement based on his Ichimoku cloud analysis.

Titan of Crypto stated that Ethereum has retested both Tenkan and Kijun. He added that the worst-case scenario would be a retest of the Kumo Cloud SSB, Ichimoku’s strongest line.

ImageImage

According to a CoinGape market analysis, this might indeed be the last dip before ETH hits five digits. There are predictions that the Ethereum price could hit $15,937 by May 2025.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

24/7 Cryptocurrency News

BTC Below $97K, SOL Drops 7%, WIF Falls 13%

Published

13 hours ago

on

December 22, 2024

By


Crypto prices today are showing bearish momentum as Bitcoin (BTC) dropped below the $97K level, marking a sharp decline from its $108K all-time high earlier this week. The BTC price hit a low of $92K, reflecting significant volatility. Major altcoins followed the downtrend, with Ethereum (ETH) down 4% and Solana (SOL) dropping 7% in the last 24 hours. dogwifhad (WIF) became the worst performer, losing 13% in the same period.

The global crypto market capitalization fell by approximately 2%, now at $3.34 trillion. Trading volume also dropped significantly and down by 44% to $170 billion. The Fear and Greed Index currently reads 59, indicating a neutral market sentiment despite the recent declines.

Crypto Prices Today: BTC Slumps, ETH, SOL, and XRP See Significant Declines

BTC price saw a sharp decline this week, falling below $97K. XRP dropped by 3%, while Solana (SOL) emerged as the worst performer in the top 10 coins. Meme coins also followed Bitcoin’s bearish path, with losses ranging from 3% to 5%.

Bitcoin Price Today

BTC price was trading at $96,760, showing a decrease of approximately 1% in the last 24 hours. Its 24-hour low and high were $96,457 and $99,538, respectively. The market capitalization stands at $1.91 trillion, with $50 billion in trading volume, and Bitcoin’s market dominance is at 57.60%. Despite the recent drop, Bitcoin ETFs saw an inflow of $449 million this week, according to SoSo Value.

In a significant development, Senator Cynthia Lummis confirmed that the U.S. will hold a strategic Bitcoin reserve for at least 20 years as part of efforts to reduce the national debt. This move is expected to have long-term implications for both the market and Bitcoin’s role in global finance.

Ethereum Price Today

ETH price was trading at $3,321, marking a 4% drop in the last 24 hours. Its 24-hour low and high were $3,294 and $3,554, respectively. The market capitalization stands at $400 billion, with $30 billion in trading volume. Ethereum ETFs saw an inflow of $62 million over the past week. Crypto analyst Justin Bennett has also shared insights on how low Ethereum’s price could go by the end of December.

XRP Price Today

XRP price was trading at $2.20, down 3% in the last 24 hours. Its 24-hour low and high were $2.10 and $2.38, respectively. The market capitalization stands at $126 billion, with $14 billion in trading volume. In other news, Ripple transferred 90 million XRP coins to an unknown wallet, raising speculation within the crypto community.

Solana Price Today

SOL price was trading at $182, reflecting a 7% drop in the last 24 hours. Its 24-hour low and high were $178 and $201, respectively. The market capitalization stands at $86 billion, with $5 billion in trading volume. Solana’s significant decline makes it one of the worst performers among the top 10 cryptocurrencies. In other news, a Solana whale has accumulated 1.7 million SOL after the recent dip in the crypto market.

Meme Crypto Prices Today

Meme coins also showed bearish momentum in crypto prices today, with the top meme coin DOGE down by approximately 3%, trading at $0.3179. Shiba Inu (SHIB) price dropped by 4% in the same period, trading at $0.00002166. Crypto analyst “Dollars Maker” shared insights into a potential 235% surge, projecting SHIB to reach $0.00005816. Other notable meme coins, including PEPE, BONK, and WIF, also saw declines ranging from 3% to 12% in the last 24 hours, following the broader crypto market trends.

Top Crypto Gainer Prices Today

Hyperliquid

Hyperliquid (HYPE) price became the top performer today, rising 8% in the last 24 hours. It was trading at $34.67, with its 24-hour low and high being $30 and $35, respectively. Hyperliquid token achieved another major milestone, as within three weeks of its launch, the HYPE price surged to $34.71, pushing its market cap to $10 billion.

Top Crypto Loser Prices Today

dogwifhat

The dogwifhat (WIF) token became the worst performer for today in crypto prices today, experiencing a 13% drop in price. It was trading at $1.88, with a 24-hour low and high of $1.80 and $2.24, respectively. The market capitalization stands at $1.88 billion, highlighting the significant decline in its value during this period.

Ethena

Ethena (ENA) price dropped by 11% in crypto prices today, now trading at $1.02. Its 24-hour low and high were $0.99 and $1.21, respectively. The market capitalization stands at $3 billion, with a trading volume of $820 million, reflecting a significant decline in its value. In related news, Arthur Hayes sold his ENA tokens sparking further market speculation.

Additionally, the hourly chart looks bearish, with both Bitcoin (BTC) and major cryptocurrencies like Ethereum (ETH) and XRP down by half a percent in the last hour, continuing the downtrend seen in crypto prices today.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon