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PENGU Outpaces DOGE in Trading Volume on Upbit Amid Strong Korean Accumulation

PENGU, a cryptocurrency trading on the Upbit exchange, has surpassed Dogecoin (DOGE) in trading volume on the platform. This exceeds DOGE’s volume despite PENGU possessing a market capitalization less than one-thirteenth the size of DOGE’s.

Data indicates substantial accumulation of PENGU by Korean investors on Upbit, driven by the token’s unique positioning within the local market and high visibility on the exchange.

Upbit’s established liquidity and security features are identified as key factors facilitating this trading activity and solidifying the observed volume trend.

This surge in PENGU’s trading activity signals a potential shift in sentiment among Korean investors, who appear increasingly inclined towards emerging tokens exhibiting strong market momentum relative to more established large-cap cryptocurrencies.

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