PENGU surged to a three-month high of $0.01035 before pulling back to around $0.009950 at press time, marking a 15.19% gain over the past 24 hours. Over a longer horizon, the gains are even more pronounced, with PENGU up 33.4% over the past week and more than 50% in the last 30 days. However, despite this recovery, the token remains about 85.7% below its all-time high of $0.06845, recorded in December 2024. Token unlock drives liquidity surge The timing of the rally closely aligns with a major token unlock event that took place on April 17. A total of 703 million PENGU tokens, representing roughly 0.79% of the total supply, were released into circulation.
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