- Pudgy Penguins (PENGU) skyrocketed 502.50%, leading the market with $2.15B trading volume.
- Acet (ACT) and Peanut (PNUT) struggle, reflecting mixed sentiment in volatile markets.
- Secondary tokens like VANA and CULT face steep losses amid cautious trading activity.
New crypto listings have shown mixed results in the volatile market. Pudgy Penguins (PENGU) is a standout performer, while tokens Acet (ACT) and Peanut the Squirrel (PNUT) struggle to regain momentum. This disparity highlights the market’s uncertainty, as traders assess the sustainability of sharp price movements.
PENGU Leads the Market with a Stunning Rally
Pudgy Penguins has emerged as the standout performer, witnessing a meteoric rise of 502.50% in just 24 hours. Currently priced at $0.030119, the token has recorded a trading volume of over $2.15 billion, signaling heightened interest among investors.
This rally shows the growing demand for speculative assets, even as the broader market signals caution. But the sustainability of this sharp increase is uncertain, given the coin’s history of high volatility.
ACT and PNUT Struggle Amid Mixed Market Conditions
While PENGU surged, Acet and Peanut the Squirrel have faced challenges. Acet (ACT) is currently trading at $0.014886, down 0.78% over the past 24 hours. Its trading volume remains modest at $138,638, reflecting limited investor enthusiasm.
Read also: PNUT Whale Withdraws $6 Million in ACT Tokens From Binance: Bullish or Just Moving Funds?
Similarly, Peanut the Squirrel (PNUT) has seen a 5.97% drop, trading at $0.996621 with a notable trading volume of $475.74 million. These declines highlight the difficulty many new tokens face in maintaining consistent growth amid fluctuating market dynamics.
Other Tokens Face Significant Losses
The broader market has also witnessed sharp declines in several secondary tokens. Vana (VANA) has dropped 28.24%, now trading at $16.86 with a trading volume of $763.42 million.
Similarly, Cult DAO (CULT) fell 4.33%, priced at $0.000003, with trading activity of just $93,456. Magic Eden Ether ($ME) recorded a minor decline of 2.20%, trading at $0.000030 with negligible trading volume.
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Source: https://coinedition.com/pengu-climbs-higher-leaving-act-and-pnut-in-recovery-mode-whats-next/