What's Driving Token Prices? March 11, 2026

PENGU (-4.6%) - Pudgy Penguins on Monday launched its flagship game, Pudgy World, to the public. The browser-based game consists of 12 unique towns across “The Berg” that include narrative quests with characters Pengu and Polly, along with a set of mini-games. The game itself is free to play and abstracts away any references to crypto and NFTs. Pudgy Penguins was born out of the NFT collection that launched in 2021 and has since gone on to become one of the most successful NFT IPs with physical collectibles and traditional brand partnerships such as NASCAR and the NHL. The token for Pudgy Penguins, PENGU, traded up +17% on the launch of Pudgy World but is down -4.6% for the week.
STRK (-3.8%) - Layer-2 privacy protocol Starknet announced the development of a new privacy standard for tokens yesterday. The standard is designed to shield tokens such as stablecoins or other assets while still abiding by regulatory guidelines. A big hurdle to institutional adoption is the privacy of on-chain transactions. StarkWare, the company behind Starknet, will develop STRK20, the privacy-focused framework. The framework will be available on the Starknet L2 while also promising composability within existing applications.
JTO (-3.1%) - Solana-based liquid staking provider Jito acquired news and data platform, SolanaFloor, this week. SolanaFloor shut down last month after its parent company, Step Finance, suffered a $27M exploit. Jito plans to relaunch the Solana-focused publication as soon as possible. While the project began as a staking provider, it has since produced public goods such as the Blockspace Assembly Marketplace (BAM). The acquisition of SolanaFloor is yet another way that Jito is broadening its reach as a major Solana contributor.
OKB (+21%) - Last week, the second-largest crypto exchange, OKX, announced a partnership with the Intercontinental Exchange (ICE), the parent company of NYSE. As part of the partnership, ICE invested $200M at a $25B valuation in OKX and joined its board. OKX has typically focused on non-U.S. markets, claiming to have 120M users globally. The partnership indicates that ICE is looking to broaden its reach internationally, having dominated US markets.

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