Pudgy Penguins token outpaces Dogecoin and Shiba Inu with nearly 38% gain

Pudgy Penguins token PENGU surged nearly 38% over the last seven days. PENGU became the sixth-largest cryptocurrency gainer during that period. PENGU is up 16% year-to-date. The token reached a nearly five-month high of $0.0109 before retracing on Wednesday. Pudgy Penguins announced multiple events at Korea Blockchain Week in Seoul. The events include arcade games, claw machines, exclusive merchandise, food and drinks. Korea Blockchain Week takes place from Sep. 29 to Oct. 1. Speculative momentum in memecoins also contributed to the rally as the market priced in the SEC's push to build a cryptocurrency regulatory framework. Pepe gained 27% last week. Dogecoin gained 15.90% last week. Shiba Inu gained 14.90% last week. Dogecoin and Shiba Inu are the two largest meme coins by market capitalization.