PENGU gains 10% after Pudgy Penguins’ partnership with Edgen enters new phase

Digital currencies remained elevated on Tuesday, as Bitcoin swayed above $87,500.

The global crypto market cap has increased by roughly 2% since yesterday, with many tokens hinting at recoveries.

Meanwhile, meme token PENGU outperformed the broader market with an over 10% 24-hour surge, fueled by the rollout of the second phase of its collaboration with Edgen.

Announced late on November 24, the development extended collaborative efforts that prioritized Pudgy NFT holders to include the broader PENGU community.

As the team highlighted:

Phase 1 was for Pudgy NFT holders. Phase 2 is for the IP believers. The 250K PENGU holders.

The goal is to introduce an innovative layer of value and recognition to loyal individuals who have fueled the project’s growth.

Most importantly, this shift represents a breakthrough for the Pudgy brand as it highlights a team focused on cementing PENGU’s status in the growing NFT industry.

Phase two welcomes more holders

First and foremost, what did the earlier stage of this partnership comprise?

Well, here, the benefits were exclusive to holders of Lil Pudgys and Pudgy Penguins non-fungible tokens.

That approach was crucial in solidifying the connection between the project and loyal individuals who have participated since the start.

However, Phase 2 is changing that. The new stage unlocks Edgen+s’ Expert Plan to more than 250,000 PENGU holders.