The price of PENGU, the native token of the Pudgy Penguins ecosystem, surged by over 30% today following Coinbase’s announcement of a major update to its support for the popular NFT collection.
Coinbase Expands Pudgy Penguins Features
Coinbase revealed that it has expanded its integration of Pudgy Penguins NFTs, adding new features for trading, staking, and showcasing digital collectibles directly within its platform. The update aims to enhance user experience for NFT collectors while boosting visibility for the iconic collection.
According to Coinbase, the new features include a dedicated dashboard for Pudgy Penguins holders, improved liquidity for PENGU trading pairs, and exclusive staking rewards tied to NFT ownership. The announcement was met with enthusiasm from the community, driving a spike in both NFT and token trading activity.
PENGU Rallies on Positive Sentiment
Following the update, the PENGU token — which underpins the Pudgy Penguins’ growing Web3 ecosystem — jumped more than 30% in intraday trading, reaching its highest level in months. Analysts attribute the rally to renewed investor confidence in the collection’s longevity and Coinbase’s endorsement of its utility.
A Win for NFT Communities
The move highlights how centralized exchanges like Coinbase are continuing to experiment with NFT-native tokens and ecosystems, offering collectors more reasons to engage beyond just holding JPEGs.
Industry observers note that Coinbase’s support could set a precedent for more seamless NFT-token integrations on mainstream platforms — and further legitimize projects with strong communities and clear tokenomics like Pudgy Penguins.
