Dear BitTap Users,
We are pleased to announce that BitTap will officially launch the PENGUUSDT perpetual contract trading pair on May 21, 2025 (UTC+8). This contract supports both long and short positions, with leverage of up to 50x. We warmly invite all users to participate and experience flexible and efficient derivatives trading.
Launch Schedule:
Contract Trading Start Time: May 21, 2025 (UTC+8)
Contract Product Information
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Trading Pair: PENGUUSDT Perpetual Contract
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Underlying Asset: PENGU
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Quote Asset: USDT
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Supported Network: Ethereum
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Maximum Leverage: 50x
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Funding Rate Mechanism: Settled every 8 hours
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Trading Mechanism: USDT-margined, perpetual contract, supports bi-directional trading
Project Introduction: PENGU
PENGU originates from the well-known NFT project Pudgy Penguins. Launched in 2021, Pudgy Penguins quickly rose to prominence as one of the iconic projects during the early NFT boom. It gained widespread attention with coverage from major media outlets like The New York Times and CNBC.
As its influence grew, Pudgy Penguins became one of the most cohesive communities in the Web3 space and evolved into a global cultural phenomenon. The penguin character entered millions of households, with its toys and derivatives gaining worldwide popularity. With over 50 billion views across social media and millions of dedicated fans, PENGU has grown beyond a token — it is now a cultural icon and emotional symbol in the crypto world.
Key Metrics (Data Source: CoinMarketCap, as of May20, 2025):
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Current Market Cap: $810 million
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Fully Diluted Market Cap: $1.146 billion
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24h Trading Volume / Market Cap Ratio: 14.60%
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Market Dominance: 0.02%
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All-Time High: $0.05738 (Dec 17, 2024)
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All-Time Low: $0.003715 (Apr 9, 2025)
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Underlying Chain: Ethereum
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Circulating Supply: 62.86 billion
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Total Supply: 88.888 billion
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Max Supply: 88.888 billion
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Circulating Rate: 70.72%
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Market Cap Rank: No. 89
Risk Warning:
PENGU is a highly volatile digital asset whose price may be influenced by market sentiment, regulatory developments, DeFi market performance, and other factors. Derivatives trading involves high leverage and high risk. Please assess your risk tolerance carefully and set appropriate take-profit and stop-loss levels.
Thank you for your continued support and trust in BitTap!
BitTap Team
May 20, 2025