Coinbase broke with his usual blue logo on x and placed a pudgy penguins that is not spongy token as his profile picture with Quip “New PFP, Dis.”
Minutes later, the pengu, the native token for the ecosystem of penguin theme, began to pile. The token rose more than 60% in the rally before he endured a correction, but it is still more than 35% a week.
The official Pudgy Penguins account mirrored the move and sent matching ice blue avatars that slipped across feeds and led to a partnership between Coinbase and Igloo Inc., the startup that controls the collection. Various crypto-related companies, including Vaneck, Moonpay and Awakentax, have since changed their profile photos to Pudgy Penguins.
The stunt has also lifted the floor price for Pudgy Penguin NFT’s, which was previously this week around 9 ETH, and quickly jumped to 11.58 ETH according to NFTPRICEFLOOR data. Volume for the project’s NFTs increased almost 690% in the last 24 hours.
Coinbase changed its profile picture during a short account takeover from Pseudonym Crypto Twitter -personality Alexonchain, who previously led the social media account for the leading cryptocurrency exchange binance for four years.
After the acquisition, Coinbase revealed that they hire Alexonchain as their first full-time “ct-lead.”
“The new focus is to make KOM’s more social natives – directly, transparent and engaging. It is the way to build a greater appreciation for everything they have contributed (which is a lot)And to help connect again with CT, ”Alex said in a post.” It’s a big job, it won’t be easy and that’s why I took it. “
Pengu’s price increase also comes as the US Securities and Exchange Commission (SEK) Recognized Canary Capital’s archiving for a Spot Pengu Etf.
