$PENGU is a bit like the previous CAT. They are both animal tokens, but they are not from the Meme series.
Why do you say that?
Fat Penguin was originally an NFT series. At that time, NFT was popular. It became popular all over the world with its commercial operation and cute IP image. It can be regarded as a star in the NFT industry.
But the good times did not last long. The NFT sector also experienced a trough, just like APE at that time. Although L2 was launched, the tokens fell all the way and there was no movement.
This time PENGU was launched, and the airdrop was quite large. Not only NFT holders can get it, but as long as your Ethereum address or SOL wallet is active, you may win the prize. Many people unexpectedly got pork feet rice.
The development of Fat Penguin was quite tortuous. It was good at the beginning, but when the bear market came, the NFT sector collapsed.
At the beginning of 22, it had a major change of blood, and the new team also launched many plans, but the overall environment was not good. The transaction volume of the NFT market fell, and now it is less than 1% of the peak period.
Let's talk about the token distribution. At the beginning, it was like this: the community, other communities, teams, liquidity, companies, and public welfare all had a share.
But the specific distribution of the team and the company was not clearly stated, and the Binance HODLer report grouped them together.
After the launch of HODLer, the distribution also changed: the team, investors, and consultants locked up for one year, and released linearly for three years; the community airdrop accounted for the majority; Binance HODLer airdrops, initial liquidity, public affairs, and marketing expansion also had a share.
The best is the community airdrop. The tokens are mainly used for governance and have little to do with ecological development.
It is not a Meme, but the benchmark is APE, which are all tokens issued by the NFT series. Now the market value of Fat Penguin is also quite high, supported by IP influence, and it is much more reliable than other projects that have never been heard of.
Binance rarely launched such a high market value this year, but there is an interesting phenomenon. Generally, those with a market value of hundreds of millions of dollars have fallen later; those with a high market value at the beginning have fewer references.
So, in the short-term market, if you want to short it, you have to be careful.
For the next layout direction, I will lead everyone to aim at the profit opportunities of copycats. There is no problem in expecting more than 10 times the space. Like + leave a message, and I will lead you to layout the entire bull market!
