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PENGU continued its rally for the second day, after securing a listing on South Korean crypto exchange Upbit.

Pudgy Penguins over 23% to hit an intraday high of $0.015 on May 9, marking a 300% gain from its monthly low.  Meanwhile, its 24-hour trading volume surged nearly 100% to $500 million.

The token’s market cap is now sitting at $972 million, inching just $28 million shy of the $1 billion milestone.

The key catalyst behind today’s move was Upbit, a tier-1 South Korea-based crypto exchange, which listed PENGU on its spot trading platform.

Activity in PENGU’s derivatives market spiked after the Bithumb announcement broke. Data from CoinGlass shows that open interest in PENGU futures spiked 30% over the past 24 hours, reaching nearly $136 million.

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