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South Korea’s leading crypto exchange Upbit has announced the listing of Pudgy Penguins ($PENGU) on the KRW, $BTC, and $USDT exchanges, expanding investors’ access to one of the most recognizable $NFT-themed meme tokens.
Upbit Lists Pudgy Penguins ($PENGU) for Trading on KRW, $BTC and $USDT Markets
Its inclusion on this list is the latest sign of growing market support for meme coins with strong community support and brand awareness.
According to Upbit’s announcement, $PENGU deposits and trading will commence shortly, and certain precautions and temporary restrictions will be implemented to ensure a smooth market entry.
Upbit reminds users to carefully check network compatibility before depositing $PENGU, noting that incorrect deposits may require a lengthy recovery process.
Under South Korea's Travel Rule, $PENGU transfers are only accepted from verified virtual asset service providers (VASPs) or whitelisted personal wallets linked to a verified user.
Large or suspicious deposits may require users to provide proof of funds under Upbit's compliance framework.
What is $PENGU?
$PENGU is a fungible token created by the team behind Pudgy Penguins, a well-known $NFT collectible featuring cartoon penguin avatars.
Originally launched as a PFP (profile picture) collection, Pudgy Penguins has gained mainstream popularity by expanding into Web2 markets through toy sales, brand collaborations, and merchandise.
The $PENGU token was introduced to overcome the scalability limits of the fixed-supply $NFT model and aims to increase community engagement.
While $PENGU is currently classified as a meme coin with no official use case, Upbit notes that the project could evolve to integrate token use cases as its ecosystem matures.
With its entry on Upbit, $PENGU joins a growing list of meme and community-focused tokens that are gaining traction among both individual and institutional crypto investors.
*This is not investment advice.