PANews reported on December 21 that crypto market data provider Kaiko disclosed that after a bumpy launch on centralized exchanges earlier this week, the market depth of Pudgy Penguins' PENGU token has basically stabilized in the $2 million range, higher than the approximately $1 million at launch, but the hourly trading volume of PENGU tokens has plummeted from $260 million at launch to only about $10 million.

Kaiko: PENGU token market depth has stabilized in the $2 million range, but hourly trading volume has plummeted to $10 million