Introduction: Pangolin (PNG) Investment Position and Market Prospects

PNG is an important asset in the cryptocurrency field. As the governance token of Pangolin, a decentralized exchange (DEX) operating on the Avalanche network, PNG has established itself within the DeFi ecosystem since its launch in July 2020. As of December 2025, PNG maintains a market capitalization of approximately $9.35 million with a fully diluted valuation of $22.41 million, boasting a circulating supply of 224.37 million tokens out of a total supply of 538 million. The token is currently trading at $0.04165, reflecting significant market dynamics since its all-time high of $18.85 reached in February 2021.

Pangolin's governance token PNG represents a fully community-distributed asset that enables participation in the Avalanche ecosystem's decentralized trading infrastructure. With the same automatic market-making (AMM) model as Uniswap, Pangolin has carved out a distinct niche within the DeFi landscape, supporting token trading across both Ethereum and Avalanche-compatible platforms. With 37,938 token holders and availability on five major exchanges, PNG continues to attract investor attention as the cryptocurrency market evolves.

This comprehensive article will analyze PNG's investment fundamentals, historical price performance, future valuation trajectories, and associated risk factors to provide investors with actionable insights for making informed decisions regarding this digital asset.

Pangolin (PNG) Cryptocurrency Research Report

Report Date: December 22, 2025

I. PNG Price History Review and Current Investment Value

PNG Historical Price Performance

PNG was launched on July 13, 2021 (publish timestamp: 1626105600). The token has experienced significant volatility since inception:

All-Time High (ATH): $18.85 USD on February 19, 2021

All-Time Low (ATL): $0.01180712 USD on October 25, 2023

One-Year Performance: -87.97% (representing a decline of $0.304567788861180466)

The token demonstrates substantial depreciation from its peak valuation, reflecting broader market dynamics in the decentralized exchange (DEX) sector and wider cryptocurrency markets.

Current Market Status (December 22, 2025)

Recent Price Movements:

• 1-Hour Change: +1.01%
• 7-Day Change: -7.24%
• 30-Day Change: +2.13%

Market Position:

• Global Ranking: #1205
• Circulating Supply: 224,373,971 PNG
• Total Supply: 538,000,000 PNG
• Market Dominance: 0.00069%
• Active Holders: 37,938

II. Project Overview

Protocol Architecture

Pangolin is a decentralized exchange (DEX) operating on the Avalanche network, implementing the same automatic market making (AMM) model as Uniswap. The platform's governance token PNG is fully community-distributed, enabling token holders to participate in protocol decision-making.

Cross-Chain Capabilities

PNG operates across multiple blockchain networks:

• Primary Chain: Avalanche (AVAX-C)
• Secondary Support: Ethereum network compatibility

The token's contract address on Avalanche C-Chain: 0x60781C2586D68229fde47564546784ab3fACA982

Market Accessibility

PNG is currently listed on 5 major cryptocurrency exchanges, facilitating liquidity and market accessibility for traders.

III. Token Economics Analysis

Supply Structure

The current circulation ratio of 41.71% indicates that additional token supply will enter the market as vesting schedules conclude, potentially exerting downward pressure on token valuation if demand does not correspondingly increase.

Price Range Analysis

IV. Market Sentiment and Risk Assessment

Market Emotion Index: 1 (neutral to slightly positive)

Key Risk Factors

1. Extreme Price Volatility: The token has declined 87.97% over the past year, demonstrating substantial downside risk exposure.

2. Low Market Capitalization: At $9.3 million USD, PNG exhibits relatively low market capitalization compared to established DEX protocols, indicating higher liquidity risk and price impact from significant trades.

3. Modest Trading Volume: The 24-hour trading volume of $16,398 USD is limited relative to market capitalization, potentially indicating liquidity constraints.

4. Dilution Risk: With only 41.71% of total supply in circulation, future token releases represent potential supply-side pressure.

V. Project Resources

Official Channels:

• Website: https://pangolin.exchange/
• Twitter: https://twitter.com/pangolindex
• Block Explorer: https://cchain.explorer.avax.network/address/0x60781C2586D68229fde47564546784ab3fACA982

VI. Conclusion

PNG represents a governance token for a DEX protocol operating on the Avalanche ecosystem. The token's substantial depreciation from historical peaks, combined with modest current market capitalization and trading volumes, reflects challenges within the competitive DEX landscape. While Pangolin operates on the established Avalanche network and maintains community governance structures, potential investors should carefully evaluate liquidity constraints, supply dilution risks, and broader market conditions before making investment decisions.

The current neutral market sentiment and recent price volatility underscore the speculative nature of this asset class.

Disclaimer: This report is informational only and does not constitute investment advice. Past performance does not guarantee future results. Cryptocurrency investments carry substantial risk of loss.

Pangolin (PNG) Investment Analysis Report

Report Date: December 22, 2025

I. Executive Summary

Pangolin (PNG) is a decentralized exchange (DEX) operating on the Avalanche blockchain, utilizing an automated market maker (AMM) model similar to Uniswap. As of December 22, 2025, PNG is trading at $0.04165, representing a significant decline from its all-time high of $18.85 (achieved February 19, 2021). The token exhibits mixed market signals, with no clear consensus regarding its investment viability in 2025.

II. Core Factors Affecting PNG as an Investment

Supply Mechanism and Scarcity

PNG operates with the following supply structure:

• Circulating Supply: 224,373,971 tokens (41.71% of total supply)
• Total Supply: 538,000,000 tokens
• Maximum Supply: 538,000,000 tokens

The token maintains a fixed maximum supply, which theoretically supports scarcity dynamics. However, with only 41.71% of tokens currently in circulation, significant dilution potential exists as remaining tokens enter the market. This supply schedule represents a key variable in long-term valuation scenarios.

Market Positioning and Adoption

PNG serves as the governance token for Pangolin DEX, operating across multiple blockchain networks:

• Primary Chain: Avalanche (AVAX C-Chain)
• Secondary Support: Ethereum network compatibility
• Holder Base: 37,938 token holders
• Exchange Listings: Available on 5 exchanges

The relatively concentrated holder base and limited exchange presence suggest nascent market adoption compared to major DEX tokens.

Technical and Ecosystem Development

Pangolin's operational framework includes:

• Core Infrastructure: Automated market making (AMM) model matching Uniswap's architecture
• Cross-Chain Capability: Support for both Ethereum and Avalanche networks
• Community Governance: Fully decentralized PNG token distribution model

The project's technical foundation remains consistent with established DEX standards, though specific recent upgrades or ecosystem expansions are not documented in available data.

III. Market Performance and Price Analysis

Current Market Metrics

Price Trend Analysis

PNG demonstrates significant volatility with conflicting directional signals:

• Short-term (1H): +1.01% (marginal recovery)
• Medium-term (7D-30D): Mixed performance with -7.24% weekly decline offset by +2.13% monthly gain
• Long-term (1Y): -87.97% decline from prior year levels

The token trades substantially below its 50-day simple moving average, generating a technical "Sell" signal in quantitative analysis frameworks.

IV. Investment Sentiment and Price Forecasting

Divergent Market Predictions

Market forecasts for PNG exhibit significant dispersion without consensus:

Bearish Scenarios:

• WalletInvestor prediction: PNG decline to $0.03979
• Multiple technical indicators suggest bearish positioning for 2025

Optimistic Scenarios:

• BTCC expert consensus: PNG potential to reach $0.068 by end-2025
• Long-term forecasts (2027-2032): Projections ranging from $0.14 to $0.46

Moderate Scenarios:

• Range-based estimates: $0.20-$0.35 contingent upon Avalanche ecosystem growth and DEX adoption expansion
• Bullish case under favorable conditions: potential movement to $0.70

Key Uncertainties

Assessment difficulty stems from:

• Absence of clear consensus among major forecasting sources
• Dependency on Avalanche ecosystem performance and broader DEX market adoption
• Limited institutional research coverage
• High sensitivity to cryptocurrency market sentiment cycles

V. Risk Factors

Downside Risks

• Supply Dilution: Substantial token quantity (58.29% of supply) remains unlocked
• Market Position: Ranked #1205 by market capitalization indicates limited market significance
• Low Trading Volume: $16,398.23 daily volume indicates thin liquidity
• Historical Performance: -87.97% year-over-year decline demonstrates severe depreciation from peak valuations

Competitive Pressures

• Established competitors (Uniswap, SushiSwap) dominate DEX market share
• PNG's positioning as a network-specific DEX limits addressable market relative to cross-chain solutions

VI. Conclusion

As of December 22, 2025, Pangolin (PNG) presents an uncertain investment profile characterized by:

1. Technical Bearishness: Current price action below moving averages with negative momentum
2. Forecast Dispersion: Predictions ranging from declines to modest gains without professional consensus
3. Fundamental Constraints: Limited market adoption, concentrated holder base, and dependency on Avalanche ecosystem development
4. High Volatility: Historical price swings and thin liquidity create elevated risk profiles

Investment decision-making requires consultation with current financial advisory resources and individualized risk assessment. The absence of clear catalysts for near-term appreciation suggests heightened caution for new entrants during current market conditions.

Disclaimer: This report provides factual analysis based on available data as of December 22, 2025. It does not constitute investment advice or recommendations. Cryptocurrency assets carry significant risk. Conduct independent due diligence before making investment decisions.

III. PNG Future Investment Forecasts and Price Outlook (Is Pangolin(PNG) worth investing in 2025-2030)

Short-term Investment Prediction (2025, short-term PNG investment outlook)

• Conservative forecast: $0.0280931 - $0.04193
• Neutral forecast: $0.04193
• Optimistic forecast: $0.058702

Mid-term Investment Outlook (2026-2028, mid-term Pangolin(PNG) investment forecast)

• Market stage expectation: PNG is transitioning through a recovery phase with gradual price appreciation expected as market sentiment stabilizes and DEX ecosystem activity potentially increases.
• Investment return forecast:
  • 2026: $0.04075596 - $0.0578634 (projected 20% upside)
  • 2027: $0.044894451 - $0.056253288 (projected 29% upside)
  • 2028: $0.0524129193 - $0.05737835376 (projected 32% upside)
• Key catalysts: Avalanche network ecosystem development, increased DEX trading volume, community governance initiatives, and integration with emerging DeFi protocols.

Long-term Investment Outlook (Is Pangolin a good long-term investment?)

• Base case scenario: $0.06280281505008 - $0.0979183675512 (corresponding to steady ecosystem expansion and sustained protocol adoption)
• Optimistic scenario: $0.078784893432 - $0.0979183675512 (corresponding to significant growth in Avalanche ecosystem and mainstream DeFi adoption)
• Risk scenario: $0.0303884588952 (corresponding to market headwinds and reduced trading activity)

For detailed PNG long-term investment and price forecasts, visit: Price Prediction

2025-12-31 to 2030-12-31 Long-term Outlook

• Base case: $0.06280281505008 - $0.0979183675512 USD (corresponding to steady protocol development and incremental market share gains)
• Optimistic case: $0.078784893432 - $0.0979183675512 USD (corresponding to accelerated Avalanche adoption and expanded DeFi market participation)
• Transformative scenario: $0.12+ USD (corresponding to breakthrough ecosystem progress and mainstream DeFi integration)
• 2030-12-31 forecast high: $0.0979183675512 USD (based on optimistic development assumptions)

Disclaimer: This analysis is based on historical data and publicly available forecasts. Past performance does not guarantee future results. Cryptocurrency markets are highly volatile and speculative. This content is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with financial advisors before making investment decisions.

Pangolin (PNG) Investment Analysis Report

I. Project Overview

Basic Information

Pangolin is a decentralized exchange (DEX) operating on the Avalanche network, utilizing the same automated market maker (AMM) model as Uniswap. Its governance token, PNG, is fully community-distributed and enables trading across platforms supporting both Ethereum and Avalanche networks.

Market Position

• Current Price: $0.04165 (as of December 22, 2025)
• Market Capitalization: $9,345,175.89
• Fully Diluted Valuation: $22,407,700
• Market Rank: 1205
• 24-hour Trading Volume: $16,398.03
• Circulating Supply: 224,373,971 PNG
• Total Supply: 538,000,000 PNG
• Circulating Supply Ratio: 41.71%

Price Performance

• All-Time High: $18.85 (February 19, 2021)
• All-Time Low: $0.01180712 (October 25, 2023)
• Current Drawdown from ATH: -99.78%

II. Price Dynamics and Market Trends

Short-Term Price Movement

Market Characteristics

• 24-hour Range: $0.04035 - $0.0437
• Market Share: 0.0007%
• Holders: 37,938 addresses
• Listed Exchanges: 5 platforms

III. Investment Strategy and Risk Management

Investment Methodology

Long-term Holdings (HODL Strategy)

• Suitable for conservative investors seeking exposure to DEX protocols
• Benefit from potential ecosystem growth on Avalanche network
• Alignment with community governance participation through PNG token

Active Trading

• Dependent on technical analysis and momentum trading
• Requires monitoring of trading volume and price volatility
• Subject to significant intraday price fluctuations

Risk Management

Asset Allocation Guidelines

• Conservative Investors: 1-3% of crypto portfolio allocation
• Active Traders: 3-5% with strict stop-loss discipline
• Professional Investors: Strategic position sizing with correlation analysis

Risk Mitigation Measures

• Multi-asset portfolio diversification across different blockchain ecosystems
• Hedging strategies utilizing stablecoins and uncorrelated assets
• Regular portfolio rebalancing to manage exposure

Security Protocols

• Hot wallet storage for active trading positions only
• Cold storage for long-term holdings using hardware wallets (Ledger, Trezor)
• Multi-signature wallet solutions for larger positions

IV. Investment Risks and Challenges

Market Risks

• High Volatility: 87.97% annual decline indicates extreme price instability
• Liquidity Concerns: Relatively low 24-hour trading volume relative to market cap
• Price Manipulation: Susceptibility to market movements in low-volume environments

Regulatory Risks

• Jurisdictional Uncertainty: Variable regulatory treatment across different countries
• DEX Regulatory Scrutiny: Increasing regulatory focus on decentralized exchange protocols
• Governance Token Classification: Potential regulatory reinterpretation of PNG utility

Technical Risks

• Smart Contract Vulnerabilities: AMM protocol exposure to potential security exploits
• Avalanche Network Dependency: Direct correlation to Avalanche network stability and adoption
• Protocol Upgrade Risks: Potential complications from future protocol modifications

Adoption Risks

• User Base Growth: Competition from established DEX protocols (Uniswap, SushiSwap)
• Liquidity Migration: Risk of liquidity providers shifting to competing platforms
• Ecosystem Dependency: Reliance on Avalanche network growth trajectory

V. Conclusion: Is Pangolin a Good Investment?

Investment Value Assessment

Pangolin operates within the decentralized exchange sector with established infrastructure on the Avalanche network. However, the token demonstrates significant downward price pressure (-87.97% annual decline) and remains substantially below historical valuations, suggesting market sentiment has deteriorated considerably from peak levels.

Investor Recommendations

✅ Beginners

• Dollar-cost averaging approach to reduce timing risk
• Secure storage using reputable hardware wallets
• Allocation limited to risk capital only

✅ Experienced Traders

• Wave trading based on technical support/resistance levels
• Portfolio allocation complementing Avalanche ecosystem exposure
• Active monitoring of trading volume and DEX competitive landscape

✅ Institutional Investors

• Strategic long-term positioning contingent on Avalanche adoption metrics
• Due diligence on protocol governance and technical security audits
• Correlation analysis within broader blockchain infrastructure allocations

Disclaimer

⚠️ Warning: Cryptocurrency investments carry substantial risk including potential total loss of capital. This report is provided for informational purposes only and does not constitute investment advice, financial recommendation, or solicitation to purchase or sell any asset. Investors should conduct independent research and consult qualified financial advisors before making investment decisions. Past performance does not guarantee future results.

Report Date: December 22, 2025
Data Source: Gate Market Data

Pangolin (PNG) Frequently Asked Questions (FAQ)

Report Date: December 22, 2025

I. FAQ

Q1: What is Pangolin (PNG) and how does it function within the DeFi ecosystem?

A: Pangolin (PNG) is a governance token for a decentralized exchange (DEX) operating on the Avalanche blockchain. It implements the same automated market maker (AMM) model as Uniswap, enabling users to trade tokens across Ethereum and Avalanche-compatible networks. PNG is fully community-distributed and allows token holders to participate in protocol governance decisions. As of December 22, 2025, PNG trades at $0.04165 with a market capitalization of approximately $9.35 million.

Q2: What is PNG's current price performance and how has it changed historically?

A: PNG reached an all-time high of $18.85 in February 2021 but has declined significantly to $0.04165 as of December 22, 2025, representing a 99.78% drawdown from its peak. The token has experienced a 87.97% decline over the past year. Short-term price movements show -1.66% change in 24 hours, -7.24% over 7 days, and +2.13% over 30 days, reflecting substantial volatility and bearish momentum.

Q3: What are the key supply dynamics and dilution risks associated with PNG?

A: PNG maintains a total supply cap of 538 million tokens with 224.37 million currently in circulation, representing only 41.71% of total supply. This significant gap indicates substantial dilution risk as remaining tokens enter the market through vesting schedules. The low circulation ratio means additional supply pressure could suppress token valuation if demand does not correspondingly increase, making supply dynamics a critical long-term consideration for investors.

Q4: What investment forecasts exist for PNG through 2030?

A: Price forecasts vary significantly across timeframes. For 2025, conservative estimates range from $0.0281 to $0.0587 with neutral targets at $0.04193. Mid-term forecasts (2026-2028) project modest appreciation toward $0.0524-$0.0578. Long-term outlooks (2029-2030) present base case scenarios of $0.0628-$0.0979 under steady ecosystem development, with optimistic scenarios potentially reaching $0.12+ contingent upon accelerated Avalanche adoption and mainstream DeFi integration. However, these forecasts carry substantial uncertainty without professional consensus.

Q5: What are the primary risks associated with investing in PNG?

A: Key risks include extreme price volatility (-87.97% annual decline), low market capitalization ($9.35 million) creating liquidity constraints, modest 24-hour trading volume ($16,398) indicating thin markets, supply dilution from 58.29% of tokens still unvested, competitive pressure from established DEX protocols, and direct dependency on Avalanche network adoption. The token's #1205 global ranking and limited exchange listings (5 platforms) further compound liquidity and accessibility concerns.

Q6: How does PNG compare to other DEX governance tokens in terms of market position?

A: PNG operates as a network-specific DEX token on Avalanche, which limits its addressable market compared to cross-chain solutions like Uniswap or SushiSwap. With only 37,938 token holders and a $9.35 million market capitalization, PNG maintains significantly lower market penetration than established alternatives. The protocol's technical foundation mirrors Uniswap's AMM architecture, but its competitive positioning remains constrained by Avalanche's ecosystem size relative to Ethereum's broader DeFi infrastructure.

Q7: What portfolio allocation and risk management strategies are recommended for PNG investments?

A: Conservative investors should limit PNG to 1-3% of their cryptocurrency portfolio allocation given the high-risk profile. Active traders may allocate 3-5% with strict stop-loss discipline and technical analysis guidance. Risk mitigation requires multi-asset portfolio diversification, hedging strategies utilizing stablecoins, regular rebalancing, and appropriate security protocols including hardware wallet storage for long-term holdings. Dollar-cost averaging is recommended to reduce timing risk, with allocation limited to risk capital only.

Q8: Is Pangolin (PNG) worth investing in during 2025-2026?

A: PNG presents an uncertain investment opportunity characterized by technical bearishness (trading below moving averages), forecast dispersion without professional consensus, and limited near-term catalysts for appreciation. The token's 87.97% annual decline, thin liquidity, and supply dilution risks suggest heightened caution for new entrants. While potential long-term appreciation exists contingent upon Avalanche ecosystem growth, current market conditions warrant conservative positioning or extended observation before new capital deployment. Investment decisions should align with individual risk tolerance and consultation with qualified financial advisors.

Disclaimer: This FAQ is provided for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry substantial risk of loss including potential total capital depletion. Past performance does not guarantee future results. Conduct independent research and consult qualified financial professionals before making investment decisions.