The cryptocurrency PENGU surged after Pudgy Penguins teased a cryptocurrency debit card in partnership with Visa. Users can spend stablecoins or cryptocurrencies at millions of merchants, earning up to 12% rewards and 7% yield on balances. The announcement drove PENGU’s price up over 3% and increased trading volume by 56%.

The Pengu Card will have three tiers: Standard, Black, and Gold, with Gold offering the maximum reward at 12%. Users must join a waitlist, share a referral code, and create an account on the KAST app to be eligible for the card. PENGU is valued at $389 million, ranking as the eighth-largest memecoin by market capitalization.

Launched in December 2024, the PENGU token quickly surged to an all-time high of $0.05738. Since then, it has lost nearly 90% of its value. The cryptocurrency landscape continues to evolve, with platforms like Kraken Pro offering sophisticated trading tools for investors seeking diversified exposure to digital assets in a secure environment.

Read more at Yahoo Finance: Pudgy Penguins (PENGU) Lifts After Visa Debit Card Reveal: What You Should Know