Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Pudgy Penguins Partners with China’s Suplay Inc.

Pudgy Penguins Partners with China’s Suplay Inc.

TokenTopNewsTokenTopNews2025/07/16 06:25
By:TokenTopNews
Key Points:

  • Main event, leadership changes, market impact, financial shifts, or expert insights.
  • PENGU token rises by 21%.
  • Increased investor confidence and trading volume.
Pudgy Penguins Partners with Suplay Inc. in NFT Market

Pudgy Penguins partners with Suplay Inc., a leading collectibles company in China, marking a significant collaboration in the NFT market. The partnership announcement , spread across official channels, took place recently, indicating endorsement from both entities’ leadership.

Partnership reflects Pudgy Penguins’ strategy to expand into Asian markets, indicated by a surge in PENGU token price and trading volume.

Pudgy Penguins

Pudgy Penguins, guided by CEO Luca Netz, has again demonstrated its commitment to expanding its ecosystem, reaching Asian audiences through its partnership with Suplay Inc., a key player in China’s collectibles market.

The announcement triggered a notable increase in the PENGU token price, with a spike of over 17%–21%, reaching approximately $0.03345. The trading volume soared to around $2 billion, signifying strong market interest.

No direct quotes from Luca Netz, CEO of Pudgy Penguins, or any specific leadership statements regarding the Suplay deal were found. However, the general endorsement of the partnership corresponds with the operational leadership’s communication across official channels.

Investor sentiment remains bullish yet cautious, with discussions highlighting the potential for real-world brand activation. No direct quotes from executives were available, but community sentiment on social platforms suggests optimism.

While market reactions remain positive, historical precedents indicate the potential for short-term token lift. No observable effects on other cryptocurrencies like ETH or BTC were noted, as the focus stays on PENGU.

The partnership’s financial impact shows signs of institutional interest with increased liquidity in the PENGU ecosystem, though specifics on allocations remain undisclosed.

Potential outcomes could include technological integrations and enhanced brand presence in Asia. Similar partnerships have historically led to temporary spikes, though sustained growth in total value locked (TVL) remains to be seen.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ESUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/16 11:12

New spot margin trading pair — CROSS/USDT, TAC/USDT!

Bitget Announcement2025/07/16 08:07

Subscribe to TANSSI Savings and enjoy up to 15% APR

Bitget Announcement2025/07/15 11:00

TACUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/15 10:40