Pudgy Pandas is on a tear at the moment, cracking $3.6m in presale funding as support from China and Korea begins to spread across the world.
The meme coin had enjoyed a global explosion this week after finding an international audience at Korea Blockchain Week in Seoul, where PANDA initially found viral traction after its presale began on 15th September.
Now, as momentum continues to grow and PANDA proves itself as one of the only tokens thriving under difficult market conditions, holders of top meme coins such as the $1.8 billion PENGU are beginning to rotate capital into Pudgy Pandas.
The rotation comes in anticipation of major exchange listings when the presale ends on 18th October. Binance and Bybit are both rumored to be preparing for PANDA’s arrival on the open market, making the current price of $0.03138 too much of a steal to ignore.
Pudgy Pandas goes global
Pudgy Pandas is following in the footsteps of a cadre of Asian meme coins that began with viral adoption in Korea and China, and then saw enormous pumps when Western markets pulled the trigger.
One example is PEIPEI, the “Chinese PEPE” that slowly gained momentum in China before Western traders supercharged an upside move that led to a 28,000% rally and then another 100X pump later on.
Then there’s MOODENG, which saw early motion in Korea before hitting nearly a quarter-billion market cap after Western traders took the token under their wing; and MEW, whose Upbit listing lit a fuse that Americans then translated into new all-time highs and a $1 billion capitalization.
Westerners are now pouring into PANDA in much the same way. Investors from across the Pacific were first exposed to Pudgy Pandas—which has a massive IRL following in Korea, with thousands walking around wearing panda masks—at Korea Blockchain Week, where the project was ever-present in discussions thanks to a viral marketing campaign in Seoul.
As a global fanbase flocks to PANDA and its $3.6m presale, it’s carving out a reputation as one of the market’s top performers. In a sector where almost everything is slumping, including PENGU, it’s hard to make a case against an up-only token.
Why PENGU holders are shifting to PANDA
Pudgy Pandas is picking up steam just as perhaps its main competitor, Pudgy Penguins, is losing it. This is already leading to a massive reallocation of capital, with PANDA setting up a major challenge to PENGU.
PENGU had a great summer, peaking at $2.7 billion, but has since cooled down amid a wider downturn in the meme coin market. Many traders have become cynical about memes thanks to a number of pump and dumps resulting from a lack of true community behind new projects.
PANDA bucks this trend, though. Its community is literally visible all over Korea, thanks to a series of viral marketing campaigns that put up billboards in Seoul’s most on-trend districts, as well as a massive airdrop that saw crowds of thousands begin wearing panda masks across the city. This is real audience buy-in: the result of Korea’s panda obsession.
This panda obsession spans the whole of Asia, though, with China also adoring the bears, and WeChat (China’s primary social network, with 1.4 billion users) has been abuzz with Pudgy Pandas hype ever since, helping to bring about the $3.6m total raise.
This real community support presents PANDA as the perfect foil to PENGU, and it’s worth noting that PENGU’s recent downtrend began on 15th September—the exact date the Pudgy Pandas presale kicked off. Smart money is already shifting, and retail likely won’t be far behind.
How to join smart money and purchase PANDA
Those in-the-know are already dumping their PENGU as it slumps, and the smart money crowd is taking whatever dry powder they have left and pouring it into Pudgy Pandas.
With the presale coming to an end on 18th October, and rumors of Binance and Coinbase listings immediately after that, it’s not hard to see why. PANDA has already raised $3.6m, and is currently on sale for just $0.03138 with the potential to 100X or 1,000X after listing now that the whole world is behind the token.
Presale prices increase every 72 hours until then, meaning that those wanting to join the smart money cohort will need to be fast to maximize gains—otherwise, they risk FOMOing in later on the open market at a much higher price.
To learn more and purchase PANDA, go to the official Pudgy Pandas website.
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