5 hours ago
Coinbase broke with its accustomed bluish logo connected X, posting a Pudgy Penguins non-fungible token arsenic its illustration representation alongside the quip “new pfp, who dis.”
Minutes later, PENGU, the autochthonal token of the penguin-themed ecosystem, started surging. The token roseate much than 60% successful the rally earlier enduring a correction, but it’s inactive up much than 35% for the week.
The authoritative Pudgy Penguins relationship mirrored the move, sending matching ice-blue avatars gliding crossed feeds and starring to speech of a concern betwixt Coinbase and Igloo Inc., the startup that steers the collection. Various crypto-related firms, including VanEck, MoonPay, and AwakenTax, person since changed their illustration pictures to pudgy penguins.
The stunt has besides lifted the level terms of Pudgy Penguin NFTs, which was earlier this week astir 9 ETH, and rapidly jumped to 11.58 ETH according to NFTPriceFloor data. The measurement for the project’s NFTs grew astir 690% successful the past 24 hours.
Coinbase changed its illustration representation during a abbreviated relationship takeover from pseudonymous Crypto Twitter property AlexOnChain, who previously led the societal media relationship of starring cryptocurrency speech Binance for 4 years.
After the takeover, Coinbase revealed they’re hiring AlexOnChain arsenic their archetypal full-time “CT Lead.”
“The caller absorption is making comms much societal autochthonal - direct, transparent, and engaging. That's the way to gathering a bigger appreciation for everything they’ve contributed to this abstraction (which is simply a lot), and to assistance reconnect with ct,” Alex said successful a post. “It’s a large job, it won’t beryllium easy, and that’s wherefore I took it.”
PENGU’s terms emergence besides comes arsenic the U.S. Securities and Exchange Commission (SEC) acknowledged Canary Capital’s filing for a spot PENGU ETF.
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