PENGU conducted an airdrop to 7 million eligible wallet addresses, distributing 23.5% of its 88 billion token supply.
- **Market Volatility:** Following the airdrop, PENGU's price experienced significant volatility, with a 57% drop within 24 hours after an initial spike to $0.068.
**Price Predictions:**
- **Short-Term Forecast:** Analysts suggest that PENGU could reach approximately $0.07 in the near term, potentially doubling its current value.
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- **Long-Term Outlook:** Some projections estimate that PENGU may achieve a market cap of $10 billion, translating to a price of around $0.15.
**Considerations:**
Investing in memecoins like PENGU carries substantial risk due to their inherent volatility and speculative nature. It's crucial to conduct thorough research and assess your financial situation before making any investment decisions.
TRADING DISCLAIMER**
Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and should ensure you fully understand the risks involved. Before trading, consider your level of experience, investment objectives, and seek independent financial advice if necessary.
For a more detailed analysis of PENGU's potential, you might find the following video informative: