Key dealers
- Coinbase’s transition to a pudgy penguins NFT for its X profile image sent Pengu -Token Increase up to 13%.
- The change led to noticeable volatility in the Pengu token market.
Pengu token jumped as much as 13% after Coinbase updated its official X profile image to a Pudgy Penguins NFT, according to Binance data.
Coinbase’s new profile photo comes on the heels at Alex, formerly with Binance, which takes the role of head of Crypto Twitter communication to improve the company’s public messages and community bands.
Alex took over our account for an hour. Now we take over him forever.
Welcome to Coinbase, @Axonchain.
(Legally, we are obliged to point out that Alex has not technically agreed forever and has a very normal employment contract with the company.) https://t.co/dmknn2wfd
– Coinbase 🛡 (@Coinbase) July 11, 2025
“Normal job messages are boring. I had to do something different, and a Twitter takeover felt right,” Alex said on a Friday statement.
“The new focus is to make Comms more social native – directly, transparent and engaging. It is the way to build a greater appreciation for everything they have contributed to this space (which is a lot) and to help reconnect with CT. They are already working on it, and I have agreed to be part of that change,” he added.
At the time of writing, the Pengu changed their hands to about $ 0.023, an increase over 20% over the past 24 hours. Token has regained upward speed since Wednesday, as Bitcoin Rally has lifted the overall crypto market.
In addition, positive regulatory development, with Sec as recently recognized Canary Capital’s Spot Pengua ETF application, helped to increase its momentum.
