Coinbase’s Pudgy Penguin Avatar changes, ETF hopes to set fire to 60% Pengu Rally

Coinbase broke with the usual blue logo of X, posted Pudgy Penguins and posted it as a profile photo along with the QUIP “New PFP, Who Dis”.

A few minutes later, the pen, the native tokens of penguin-themed ecosystems, began to surge. Tokens rose more than 60% in the rally before enduring the fix, but still up over 35% that week.

The official Pudgy Penguins account reflected the movement, gliding the feed with matching ice blue avatars leading to talk of a partnership between Coinbase and Igloo Inc. Various crypto-related companies, including Vaneck, MoonPay and Awakentax, have since changed their profile photos to Pudgy Penguins.

The stunt also raised floor prices for Pudgy Penguin NFTS, which was 9 ETH earlier this week, and quickly jumped to 11.58 ETH, according to data from NFTPricefloor. The project’s NFTS volume has increased by nearly 690% over the past 24 hours.

Coinbase changed its profile picture during a short account takeover from the unsuspecting Crypto Twitter personality who previously led the major Binance social media accounts of Crypto Currency Exchange for four years.

After the acquisition, Coinbase revealed that they are hiring Alexon Chine as their first full-time “CT lead.”

“The new focus is for Comms to be more social natives – direct, transparent, and attractive. That’s the path to building a great appreciation for everything they contributed to this space. (There are a lot of this)and to help you reconnect with CT,” Alex said in the post.

Penn’s price rise also comes as the US Securities and Exchange Commission (seconds) Canary Capital has confirmed that it has submitted it to Spot Pengu ETF.