Pangolin (PNG) Went Up 50% in a Day! Can It Still Go Higher?
2025-02-17
Pangolin (PNG) has caught the market’s attention after a massive price surge of 50% in just 24 hours.
The decentralized exchange, originally built on Avalanche, has been expanding across multiple blockchains. This sudden rise has left traders wondering whether the momentum will continue or if this is just another temporary spike.
What is Pangolin?
Pangolin is a decentralized exchange that allows users to trade digital assets across different blockchains.
Unlike most exchanges that operate within a single network, Pangolin has been expanding beyond Avalanche and now supports Hedera, Flare, Near, and EVMOS. This approach allows traders to move assets more easily between blockchains while accessing deeper liquidity.
Source: Pangolin
The exchange launched in 2021 as an automated market maker, quickly gaining traction by processing over $15 billion in trading volume within its first year.
Since then, it has evolved into a more advanced trading platform that includes features like limit orders, automated trading strategies, fiat on-ramps, and staking options.
Pangolin has positioned itself as a multi-chain hub that makes it easier for traders to access and move between different networks. The expansion to multiple blockchains has increased its user base and transaction volume, which may be one of the reasons behind the recent price jump.
Why Did PNG’s Price Surge 50%?
The sudden PNG price increase can be linked to several key factors. One of the main reasons is the rise in total value locked, which represents the amount of assets held within the platform’s liquidity pools.
Source: Coingecko
The higher the value locked in a platform, the more trust users have in its ecosystem. The current total value locked on Pangolin has been growing, indicating that more users are participating in trading and liquidity farming.
Another reason behind the price surge is Pangolin’s continued expansion across different blockchains. Instead of being limited to Avalanche, the platform now operates on multiple networks.
This expansion has made it more accessible to a wider range of traders, driving more trading volume and increasing demand for the PNG token. Trading volume has also spiked, with over $10 million in trades processed in a single day.
When trading volume increases, it often attracts momentum traders who look for quick gains, further driving up the price. The combination of these factors has contributed to PNG’s sharp rise in value.
Can PNG’s Price Keep Going Up?
The big question now is whether PNG can continue climbing or if this is just a short-term rally. Several factors will determine whether the price holds or corrects in the coming days.
One of the most important factors is the overall market sentiment. If demand for decentralized exchanges continues to rise and more users turn to platforms like Pangolin for trading, then the token could maintain its upward trend. However, if the market slows down or traders take profits, the price may pull back.
Liquidity is another key factor. If Pangolin continues to attract liquidity providers and users lock up more assets in the platform, it will help sustain the price.
The higher the total value locked, the stronger the platform’s foundation. If liquidity starts to drop, it could lead to price fluctuations as investors cash out.
Adoption will also play a major role in determining whether PNG can keep climbing. Pangolin’s success depends on how many users choose it over other exchanges.
If its multi-chain strategy continues to attract traders, there could be long-term growth potential. If users move to other platforms with better incentives or lower fees, demand for PNG could decrease.
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Is This a Short-Term Spike or a Long-Term Rally?
While the 50% surge is impressive, it is still unclear whether PNG can sustain this growth over time. Some price increases happen because of hype and speculation, while others are driven by strong fundamentals.
The increase in total value locked suggests that there is real activity happening on the platform, which is a positive sign. However, if most of the buying was due to speculation and traders started taking profits, a price correction could follow.
For PNG to continue rising, it will need to maintain strong trading volume and liquidity. New partnerships, exchange listings, or further expansion into other blockchain ecosystems could help fuel long-term growth.
If the platform continues to evolve and attract more users, there may be room for further price appreciation.
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Conclusion
Pangolin’s recent price surge has caught the attention of the crypto market, but the question remains whether it can sustain its growth.
The increase in trading volume, total value locked, and blockchain integrations have contributed to the rally. However, maintaining this momentum will depend on adoption, liquidity, and overall market conditions.
While there is potential for further growth, traders should keep an eye on liquidity trends and any signs of profit-taking. If Pangolin continues to expand and attract users, the rally could continue. If interest fades, a pullback may be on the horizon.
Frequently Asked Questions
Why did Pangolin’s price increase so quickly?
The price surged because of higher trading volume, increasing total value locked, and expansion across multiple blockchains, which boosted demand for the token.
Is Pangolin still a good investment after the price jump?
It depends on whether the platform can sustain its adoption and liquidity growth. If trading volume remains strong and more users join, there could be further upside potential.
Where can I buy PNG?
PNG is available on Pangolin Exchange and other decentralized exchanges. Future listings on centralized exchanges could further improve accessibility.
Investor Caution
While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.
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