This memecoin, with its playful penguin mascot, has been gaining traction in the market.
Its arrival on one of the largest crypto exchanges in the world marks a significant milestone for the token. Let’s discover more news about $PENGU.
Hyperliquid Launches $PENGU with 5x Leverage
But that’s not all. Hyperliquid has also made waves by adding $PENGU to their platform, with a highly requested feature: the ability to long or short the token with up to 5x leverage. This new addition opens the door for traders to amplify their exposure to $PENGU, whether they’re looking to profit from the upside or take advantage of potential price dips.
Welcome to https://t.co/vCNztATkNg $PENGU pic.twitter.com/KSW7uRc5yc
— Crypto.com (@cryptocom) December 19, 2024
With leverage, traders can make bigger moves, though it’s important to remember the old saying, “Don’t bite off more than you can chew.” Leverage can magnify both gains and losses, so caution is key.
By community request, you can now long or short $PENGU with up to 5x leverage. pic.twitter.com/GIzG4cX1Ha
— Hyperliquid (@HyperliquidX) December 17, 2024
The integration of $PENGU on both Crypto.com and Hyperliquid shows just how far the meme coin has come. Originally starting as just another fun project in the crypto space, $PENGU is now getting serious attention from traders and investors alike. The availability of leverage on Hyperliquid further boosts its appeal, giving traders a chance to make their moves with a little extra muscle behind them.
Disclaimer
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