Kaiko: The market depth of PENGU tokens has stabilized in the range of 2 million US dollars, but the hourly trading volume has plummeted to 10 million US dollars

On December 21, cryptocurrency market data provider Kaiko revealed that after a rocky launch on centralized exchanges earlier this week, the market depth of Pudgy Penguins' PENGU token has essentially stabilized at around $2 million, higher than its initial value of about $1 million. However, the hourly trading volume of the PENGU token plummeted from $260 million at launch to just about $10 million.