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https://www.gate.com/announcements/article/45974
Latest data shows that a cryptocurrency called PENGU has caused a wave of excitement on South Korea's largest digital asset exchange Upbit. According to a monitoring report from the blockchain data analysis platform Lookonchain, PENGU's trading volume has surpassed that of the former "meme coin king" DOGE.
This phenomenon has attracted widespread attention in the Crypto Assets community. Although PENGU's market capitalization is still far lower than DOGE, only about 1/13 of the latter, its performance in the Korean trading market has been exceptionally eye-catching. Analysts speculate that this may indicate that Korean investors are quietly accumulating PENGU, optimistic about its future potential.
However, it is worth noting that despite the surge in volume, PENGU's market capitalization still has a huge gap compared to DOGE. This contrast has also sparked various speculations in the market regarding PENGU's future development. Some believe that this may be due to short-term speculative behavior, while others analyze that it may indicate a subtle shift in the landscape of the Crypto Assets market.
Regardless, PENGU's rise in the South Korean market undoubtedly brings new topics to the Crypto Assets field. Investors are closely watching the subsequent developments of this trend and the potential impact it may have on the entire Crypto Assets ecosystem. In this rapidly changing market, the only certainty is change itself, and PENGU's rise may very well be the latest footnote to this truth.