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SoFi Integrates PENGU Token into Banking App, Price Surges 8.9%
SoFi, the first nationally chartered bank in the United States to offer consumer cryptocurrency trading, has added the PENGU token to its banking app. This integration, which took place on October 19, 2026, has resulted in an 8.9% increase in the token's price by the following day. Users of SoFi Bank, N.A. can now buy, sell, and hold PENGU directly within the same app they use for traditional banking services, such as checking savings balances or managing loans.
The PENGU token is associated with the Pudgy Penguins NFT project, which has evolved from a collection of digital collectible images into a broader brand. Launched on the Solana blockchain, PENGU has a total supply of 88,888,888,888 tokens. The Pudgy Penguins project aims to expand its reach beyond the crypto community, and SoFi's listing is a significant step in that direction, providing access to a wider audience in a regulated banking environment.
In addition to the listing, traders noted a TD Sequential buy signal on PENGU's daily chart, indicating a potential end to a downtrend. Historical data suggests that previous similar signals have led to significant recoveries in the token's price. While the integration into SoFi's platform enhances liquidity for PENGU holders, traders are reminded that technical indicators are not guarantees of future performance. The move by SoFi reflects a willingness to embrace innovative digital assets beyond the most established cryptocurrencies.
Source: KLEA News