PENGU token pumps after Coinbase updates X profile with Fats Penguins’ NFT
Coinbase on Friday welcomed Alex, a faded in crypto neighborhood building from his time at Binance, to spearhead its Twitter communications scheme.
PENGU pumps after Coinbase updates X profile with Fats Penguins’ NFT
Coinbase’s swap to a Fats Penguins NFT for its X profile image despatched PENGU token soaring as much as 13%.
The swap led to noticeable volatility within the PENGU token market.
PENGU token jumped as great as 13% after Coinbase updated its reputable X profile image to a Fats Penguins NFT, in step with Binance records.
Coinbase’s fresh profile photo comes on the heels of Alex, beforehand with Binance, taking on the characteristic of Head of Crypto Twitter Communications to enhance the firm’s public messaging and neighborhood ties.
“Identical old job announcements are slow. I needed to achieve one thing different, and a twitter takeover felt fair,” Alex acknowledged in a Friday assertion.
“The fresh level of curiosity is making comms extra social native – narrate, transparent and participating. That’s the direction to building a bigger appreciation for the entirety they’ve contributed to this home (which is so much), and to lend a hand reconnect with ct. They’re already engaged on it, and I’ve joined to be a allotment of that swap,” he added.
On the time of writing, PENGU modified fingers at spherical $0.023, up over 20% within the final 24 hours. The token has regained upward momentum since Wednesday, as Bitcoin’s rally has lifted the final crypto market.
In addition, particular regulatory inclinations, with the SEC having currently acknowledged Canary Capital’s space PENGU ETF application, also helped boost its momentum.
