Pangolin (PNG) continues to soar, with 24-hour volume up a staggering 5500%.
Pangolin, the multi-chain DEX platform, rose to multi-month highs.
The price of PNG reached a high of $0.31 when a new group was listed for the DEX return map
Pangolin (PNG), Avalanche's decentralized exchange (DEX) platform, is experiencing a surge in price as major altcoins struggle in Bitcoin's battle to maintain the $50,000 level.
PNG is the native management symbol of Pangolin DEX. 100% will be distributed to the community without allocation of team, advisors and investors. Multi-chain DEX platform launched by Avalanche in 2021.
The price of pangolin (PNG) has increased.
PNG surged more than 200% on Friday to trade at a record high of $0.31 as 24-hour trading volume jumped above $4.7 million. According to data from CoinMarketCap, the increase in daily trading volume over the past day represents a staggering 5,500% increase.
The pangolin's market value has soared to more than $54 million, doubling in the last 24 hours.
Why is the price of pangolin increasing?
Almost all of PNG's price gains came from this past week's gains, with the token struggling to climb above $0.12 since December.
In addition to the cost, there is an increase in activity for a community-led project. DeFillama shows a small pick of $31.34 million per TVL. Pangolin's sudden price increase comes as the DEX platform's new team announced a roadmap aimed at returning it to its “former glory”.
Hey Fam,
As you know, my team and I have taken over the administration of @pangolindex. Although the transition process is not 100% complete, I believe it is important to share our future development plans with you. Our aim is to return the #Pangolin to its former glory…
— Adam (@erd866x) February 20, 2024
Part of this roadmap includes the unveiling of a new UI/UX, the introduction of new pools, token lists and PangoVerse – a social media platform targeted for release within a year.
Pangolin has announced support for BridgeSwap, bringing asset swaps on Ethereum, Avalanche and Binance Smart Chain to the platform.
