Upbit Lists Pudgy Penguins for Multi-Currency Trading – Coincu

Upbit, a major South Korean crypto exchange, has listed Pudgy Penguins (PENGU) for trading across KRW, BTC, and USDT markets as announced on May 9, 2025.

This listing could elevate PENGU’s reach and trading volume, paving the way for further market penetration.

Pudgy Penguins Gains Trading Accessibility on Upbit

The introduction of Pudgy Penguins to Upbit’s trading platform provides a notable expansion into South Korea’s competitive crypto markets. “PENGU will be available for trading in KRW, BTC, and USDT markets as of May 9, 2025,” according to the Upbit Announcement.

By enabling multi-currency trading for PENGU, this launch is expected to facilitate increased trading volumes and liquidity. Market participants are urged to observe precautionary measures concerning deposits and network compatibility to avoid transaction issues. “Users are reminded to carefully check network compatibility before depositing PENGU, as incorrect deposits may require lengthy recovery processes,” as shared by the Upbit Compliance Team.

While specific market responses have yet to be quantified, past listings like that on Coinbase saw appreciable price surges for PENGU. Current expectations are aligned with this historical reaction pattern.

Market Data Highlights 224.97% Monthly Surge

Did you know? Pudgy Penguins experienced a significant uptick when listed on Coinbase, trading volumes spiking by over 115% immediately post-announcement.

According to CoinMarketCap, as of May 9, 2025, Pudgy Penguins (PENGU) trades at $0.01 with a market cap of $898.02 million and a 24-hour trading volume of $522.51 million, marking a 29.47% increase. The price has changed dramatically over various timeframes, exhibiting a 224.97% rise over 30 days.

Coincu research suggests this listing enhances PENGU’s market presence and may lead to regulatory reviews in South Korea. The increased interest might influence further listings on global exchanges.