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Recently, a striking phenomenon has emerged in the Crypto Assets market: the PENGU Token's volume on the Upbit exchange has surpassed that of the established coin DOGE, becoming the volume king. This surprising development has garnered widespread follow in the market.
The rise of PENGU is quite dramatic. As a relatively emerging Token, its market value is currently less than 1/13 of DOGE. However, its trading heat has already surpassed that of this well-established meme coin with a market value of hundreds of billions of dollars, demonstrating huge potential.
Interestingly, this wave of increase seems to stem from the silent support of the Korean community. Observing market dynamics, it can be seen that funds continue to flow into PENGU, and the trading situation remains stable. This phenomenon resembles the Korean market spontaneously driving up the value of PENGU, rather than simple manipulation by insiders. This organic growth is often more sustainable than short-term surges and is worth investors' close attention.
From the current situation, the rise of PENGU may just be the prologue. Considering that its volume has already surpassed DOGE, while the market cap gap remains enormous, once the hype spreads to other exchanges or overseas communities, PENGU may still have significant upside potential.
For interested investors, now may be a good time to delve into PENGU and consider positioning. Once it makes it to the trending list, or various opinion leaders start promoting it widely, the best entry opportunity may have been missed.
However, investors should also remain cautious. The Crypto Assets market is highly volatile, and high returns often come with high risks. Before making any investment decisions, it is essential to conduct thorough research and risk assessment.