$PENGU the developer along with other top holders have billions of the coin already before the launch, people who buy this are just giving money to developer so they can take profits. I saw that the developer along with other top holders already bought billions of coin by investing hundreds of millions dollars, they people who buy these coins are just exit liquidity for them as they will sell their coin when people start buying them, when the coin reaches high price these developer and top holders can sell their coin and not worry because they still would have billions of coins left.
DO NOT INVEST
The price will go down and new buyers will think the coin will pump but when it does again the top holders will sell their coins and the price will dump and people will lose money while the developer and top holder will make profit