PENGU surges despite crypto slump thanks to Vegas spotlight
PENGU gained, as the rest of the cryptocurrency market continued to drop deeper into the red. The strategy occurred after Pudgy Penguins surprised investors with a visit to the Las Vegas Sphere, a world-renowned venue for cultural events and entertainment.
Some market watchers said it was an outlier in the broader sell-off. Despite investors abandoning cryptocurrencies, no-coiners came to PENGU due to branding momentum, rather than technical progress.
PENGU gets noticed after the Vegas Sphere appearance
At the time of publication, PENGU was trading on CoinMarketCap, with a 1.8% increase to $0.00906 over the last 24 hours. Those gains represented a marked improvement over the likes of Bitcoin, Ethereum, and most other major…
