Latest news with #PENGU
Yahoo
19 hours ago
- Business
- Yahoo
Shiba Inu Eyes Monthly Gain Despite 8% Price Loss
Shiba inu (SHIB), the world's second-largest memecoin, has had a rough week. Still, the cryptocurrency appears on track to register a double-digit monthly gain. SHIB fell to $0.00001263 early today, the lowest since July 10. Prices are down nearly 9% for the week, with a loss of over 2% in the past 24 hours. The weakness is consistent with the mood seen in the memecoin sector. The CoinDesk Memecoin Index (CDMEME) has declined by 10% in seven days. Price volatility in SHIB aligns with broader shifts in the crypto market, as policy uncertainty reshapes digital asset allocation. The token's failure to rally despite aggressive burn programs underscores investor preference for utility-driven projects over pure speculation plays. Key AI insights SHIB plunges 2.28% from $0.000013107 to $0.000012809 during a 24-hour window ending July 30, 14:00 The burn mechanism destroyed 600 million tokens in a single session, marking a 16,710% surge in destruction rate Competitors BONK, PENGU, and utility-driven Remittix capture trader flows as SHIB loses meme coin leadership. Technical Levels Price dropped 2.28% from $0.000013107 to $0.000012809 across the 24-hour period. Trading bandwidth spans $0.0000005215, equivalent to 4.12% of the total range. Resistance capped advances at $0.000013184 with rejection during the 17:00 session. Support emerged at $0.000012663, backed by 1.25 trillion token volume. The downtrend intensified after 10:00 on July 30, with consecutive lower peaks. Late-session bounce delivered a 0.25% gain in the final trading hour. The volume explosion reached 43.5 billion tokens during the 13:57-13:59 rally phase. The three-wave pattern emerged: consolidation, distribution, then short-covering. Bullish hints SHIB's monthly price chart shows the token is likely to end July with an inverted hammer candle as it looks to bounce from year-to-date lows. An inverted hammering appearing after downtrend or at market lows indicates that buyers attempted to push the price significantly higher during the period, but sellers ultimately overpowered buyers, pushing prices back down to near the opening price. However, the sheer presence of the long upper shadow indicates that buying interest is re-emerging at these low levels, hinting at potential bullish reversal in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
a day ago
- Business
- Hamilton Spectator
BTCC Exchange Reports 35% Trading Volume Growth Following Listing of Over 80 New Spot Trading Pairs in July 2025
A Media Snippet accompanying this announcement is available by clicking on this link. VILNIUS, Lithuania, July 30, 2025 (GLOBE NEWSWIRE) — BTCC , the world's longest-serving exchange, announced strong growth momentum following its strategic expansion of spot and futures trading pair offerings. The platform added over 80 new spot pairs in July 2025, bringing the total number of spot pairs to more than 300 and the total number of futures pairs to over 380. This expansion has driven significant growth, with daily average spot trading volume surpassing $4.5 million in the first three weeks of July, representing a 35% month-over-month increase. The expansion includes popular tokens, including SPX6900 (SPX), Pudgy Penguins (PENGU), Movement (MOVE), Magic Eden (ME), Useless Coin (USELESS), Vine Coin (VINE), Zora (ZORA), reflecting BTCC's commitment to providing traders with immediate access to trending cryptocurrencies. These new listings complement the exchange's existing strong performers, with MANTA, XRP, BTC, ETH, and SOL leading spot trading volumes. At the same time, XRP, ETH, BTC, SOL, DOGE, and PENGU dominate futures trading activity. 'We've seen tremendous momentum as crypto markets recover, which is why we've been rapidly expanding our spot listings since Q2 this year,' said Alex Hung, Head of Operations at BTCC. 'Our focus has been on bringing the hottest new tokens to our users quickly to give them access to the trading opportunities they're looking for. The spot market is incredibly dynamic, and we're making it a key priority in the coming months to drive our continued growth.' To capitalize on this momentum, BTCC has launched Round 6 of its Hot Coins Trading Week campaign, which highlights trending coins including SPK, PENGU, and PUMP alongside other popular tokens. The campaign offers enhanced trading opportunities and substantial rewards for both new and existing users. The rapid expansion demonstrates BTCC's data-driven approach to meeting market demands, with the platform's comprehensive offering now spanning major cryptocurrencies, DeFi tokens, and emerging altcoins across both spot and futures markets. About BTCC Founded in 2011, BTCC is a leading global cryptocurrency exchange with the vision to make crypto trading reliable and accessible to everyone. With a strong presence in over 100 countries and regions and a user base of over 9.1 million, BTCC continues to deliver innovation, security, and an unmatched user experience in the cryptocurrency world. Official website: X: Contact: press@
Business Insider
a day ago
- Business
- Business Insider
BTCC Exchange Reports 35% Trading Volume Growth Following Listing of Over 80 New Spot Trading Pairs in July 2025
VILNIUS, Lithuania, July 30th, 2025, Chainwire VILNIUS, Lithuania, July 30, 2025 – BTCC, the world's longest-serving crypto exchange, announced strong growth momentum following its strategic expansion of both spot and futures trading pair offerings. The platform added over 80 new spot pairs in July 2025 alone, bringing the total number of spot pairs to more than 300 and the total number of futures pairs to over 380. This expansion has driven significant growth, with daily average spot trading volume surpassing $4.5 million in the first three weeks of July, representing a remarkable 35% month-over-month increase. The expansion includes popular tokens, including SPX6900 (SPX), Pudgy Penguins (PENGU), Movement (MOVE), Magic Eden (ME), Useless Coin (USELESS), Vine Coin (VINE), Zora (ZORA), reflecting BTCC's commitment to providing traders with immediate access to trending cryptocurrencies. These new listings complement the exchange's existing strong performers, with MANTA, XRP, BTC, ETH, and SOL leading spot trading volumes. At the same time, XRP, ETH, BTC, SOL, DOGE, and PENGU dominate futures trading activity. "We've seen tremendous momentum as crypto markets recover, which is why we've been rapidly expanding our spot listings since Q2 this year," said Alex Hung, Head of Operations at BTCC. "Our focus has been on bringing the hottest new tokens to our users quickly to give them access to the trading opportunities they're looking for. The spot market is incredibly dynamic, and we're making it a key priority in the coming months to drive our continued growth." To capitalize on this momentum, BTCC has launched Round 6 of its Hot Coins Trading Week campaign, which highlights trending coins including SPK, PENGU, and PUMP alongside other popular tokens. The campaign offers enhanced trading opportunities and substantial rewards for both new and existing users. The rapid expansion demonstrates BTCC's data-driven approach to meeting market demands, with the platform's comprehensive offering now spanning major cryptocurrencies, DeFi tokens, and emerging altcoins across both spot and futures markets. About BTCC Founded in 2011, BTCC is a leading global cryptocurrency exchange with the vision to make crypto trading reliable and accessible to everyone. With a strong presence in over 100 countries and regions and a user base of over 9.1 million, BTCC continues to deliver innovation, security, and an unmatched user experience in the cryptocurrency world. Contact
Yahoo
6 days ago
- Business
- Yahoo
Pudgy Penguins CEO Luca Netz on the NFT resurgence everyone is missing
Pudgy Penguins CEO Luca Netz on the NFT resurgence everyone is missing originally appeared on TheStreet. It might be early, and it might be hard to believe, but excitement around NFTs is starting to return. Just don't make the mistake of thinking this time around will look anything like last time, says Pudgy Penguins CEO Luca Netz. "The floodgates are open, and you're going to really see the best of what crypto entrepreneurs are going to bring within these next couple of years," Netz recently told Coinage, highlighting a new creative shift happening in crypto now that the industry is no longer as on high alert as it was under the reign of former SEC Chair Gary Gensler. "I think it is game-on for the next two to three years, and I think you're going to see the best that crypto has to offer here shortly." For Pudgy Penguins, one of the leading NFT projects, Netz says the goal has been to establish their lovable penguins as the new characters of the internet and to potentially rival Disney's Mickey Mouse. To do so, the project has leaned heavily on measuring and promoting its virality, including tracking how many people use their GIFs, how often people view thier YouTube shorts, and eventually looking for ways to unlock that attention. "I think at the end of the day, an NFT project's goal is to proliferate the IP, right? Like, if your mission as an NFT project is to not proliferate the IP, I would argue that you shouldn't be an NFT project," Netz explained. And if there was one thing Pudgy Penguins did extremely well last cycle, it was selling people on the idea of getting the brand out there and monetizing the attention better than others. Their plush toys made it into Walmart, and then the project rolled out their PENGU token on Solana, unleashing a wave of other NFT projects attempting the same thing, each doing so to less and less fanfare. Pudgy's token slipped from around $0.03 in its December debut to a low of $0.003 this April. But since then, the token has rallied more than 500%. Some of that is tied to new entrants to the ecosystem, and some of it seems to be the project doubling down on buying its own token and committing to disinflationary elements that began with burning $150 million in unclaimed tokens after the launch. The trend set the playbook that plenty of other memecoin projects, including Coinage's own PLYBTN memecoin, soon followed with. "We're doing more buys and burns," Netz said. "We're projected to do $40 to $50 million in revenue this year. I want to take a huge portion of that and buy our token, and if we can just keep doing that over the course of years, it's not if Pudgy Penguins and PENGU will be bigger than Doge and some of the incumbents, it's when." Actions like that may have attracted the attention of the SEC under the prior administration, but now Netz says that like Coinage, he's also educating policy makers in Washington about the positives community ownership and NFTs may be able to unlock for holders. During the summer, Netz estimated he'd been in and out of Washington D.C. six times to discuss updates with decision makers in government. That eventually culminated in a Canary Capital ETF filing to establish a fund that would hold Pudgy Penguins NFTs and PENGU tokens — the first of its kind. But as much as the NFT game has evolved, Netz credits the success of Pudgy Penguins to its simplicity. As much as other projects might want to over complicate things, he's tried to keep things simple: Build a loveable brand, and get people to want to share it. "The beauty about Pudgy Penguins and PENGU is how easily digestible it is to the regular person," he said. As momentum around Ethereum and Solana continue to mount, Pudgy Penguins straddling both ecosystems with an NFT and memecoin sets them up well no matter who leads who in the cycle. As the project leads NFTs again in the recent uptick, Netz sees a strong 2025 ahead. "I think we will go further than we've been in the past in terms of our NFT ecosystem," he said, declining to share partnership specifics at this time. "I'm going to keep that one close to the chest. But if you thought Walmart was big, I think I got something bigger." Pudgy Penguins CEO Luca Netz on the NFT resurgence everyone is missing first appeared on TheStreet on Jul 25, 2025 This story was originally reported by TheStreet on Jul 25, 2025, where it first appeared. Sign in to access your portfolio
Time of India
11-07-2025
- Business
- Time of India
Pengu, Dogecoin and Useless catch meme traders' attention, but a more serious project could deliver real 100x potential
Meme coins like Pudgy, Dogecoin, and Useless are lighting up trader dashboards again with short-term pumps and viral buzz. But behind the memes, a deeper conversation is emerging. Some investors are now looking beyond the hype for projects with real-world use and long-term staying power. One serious contender is starting to dominate that conversation offering something meme coins simply can't, which is actual utility and 100x potential. Pudgy Penguins teeters at a technical turning point Pudgy Penguins (PENGU) may have started as a feel-good meme coin, but traders are now watching it with mixed emotions. The token slid 7.21% in the last 24 hours to $0.01515, with trading volume also down 21%. Despite this dip, its market cap remains just shy of $1 billion, hinting that interest hasn't fully faded. On the weekly chart, PENGU still clings to its broader uptrend but barely. Some analysts say it's now at a technical crossroads, where either renewed meme momentum kicks in or short-term holders begin to rotate out. With speculation swirling around the next 100x play, some traders are starting to question if tokens like Pudgy can hold ground against more grounded, utility-first projects. Dogecoin holds strong despite long-term chart pressure Dogecoin is making noise again with a 6.6% jump, lifting it to $0.1743 and pushing daily trading volume past $1.2 billion. Whale activity and retail momentum appear to be fueling this short-term breakout, but DOGE is still stuck inside a long-running descending wedge. Despite the rally, its multi-year support at $0.13 remains the true backbone of its price structure. Meme traders may love the action, but real growth lies elsewhere. Useless coin rallies on irony, but long-term doubts surfaces Useless Coin has taken irony to the bank. Up over 77% this week and nearly 250% in the past month, it's turned 'no utility' into a rallying cry. Priced near $0.29 with a $300 million market cap, the coin continues to ride a wave of memes, momentum and mischief. Traders clearly aren't betting on fundamentals here; they're leaning into the joke. With strong volume and a chart full of higher highs, USELESS could nudge past $0.30 if the hype holds. Still, it walks a tightrope. Without any real-world use case or innovation, this is a vibes-only coin. And while the irony sells now, some investors are already scanning for the next big project with actual firepower, like Remittix. Investors choose utility as Remittix rises fast While Pudgy, Dogecoin and Useless dominate meme coin chatter, a very different kind of project is gaining momentum beneath the surface. Remittix is not here for jokes or fleeting pumps; it's tackling one of crypto's biggest real-world problems: fast, low-cost money transfers directly to bank accounts. Already over $15.9 million has poured in, with over 548 million RTX tokens sold at just $0.0811. The upcoming Q3 wallet launch will allow users to swap assets like BTC, ETH and XRP into fiat in seconds, with every transfer burning supply. As memecoins recycle hype, Remittix builds infrastructure . And that's why serious investors are paying attention. The project is moving fast, scaling globally and showing the kind of fundamentals that meme tokens can't fake. Discover the future of PayFi with Remittix by checking out their presale here: Website: *You must be at least 18 years old to access this site. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
