PNG climbed roughly
↗1.3%
over the past day while the broader crypto market fell, even as more people sold than bought.
Holding up despite headwinds
PNG rose roughly
↗1.3%
over the past day and approximately
↗15%
over the past month, outperforming its DeFi peers by roughly
↗4.9%
over the past day, while funds locked in the protocol exceed market value by nearly 3x.
Selling pressure meets price resilience
About 1.5x more people sold than bought over the past day, the number of people trading dropped roughly
↘7%
over the same period, and trading activity declined roughly
↘11%
over the past week, yet the price held firm.
DeFi sector faces multiple challenges
The broader crypto market fell approximately
↘2.5%
over the past day on Fed hawkishness, with the DeFi sector hit particularly hard by security concerns at multiple protocols, making PNG's relative strength notable.