Today I saw many discussions about $Pengu in the group, and many people are still asking why it has risen. No wonder my previous posts calling for $Pengu didn't gain much traction; it seems that most people cannot grasp the narrative logic unless it rises to a convincing level.

Just like when $BGB isn't rising, a bunch of people call it a 'leek platform', and when $Hype isn't rising, everyone compares it to GMX. When the penguin isn't rising, many still think of it as just an animal meme coin.

Today, let's talk about the rallying cry for this surge: From the chart, we can see:

91% have claimed the $PENGU airdrop (1.1 million addresses)

74% of people either sold directly or transferred all airdrops to CEX

16% did not sell, and 3.5% bought more

Top 7 holders: the number of holders is 2.4 times that of $WIF

In simple terms: this unprecedented gigantic airdrop covering Solana and EVM has already bottomed out, and the next unlock is a year away with 70% already in circulation.

If Pengu's goal is to be the BAYC of this cycle, to achieve what Yuga Labs failed to do in the last cycle, then the current market value of 3.7B is not large, considering that $APE's former FDV peak was 39.4B (that was really crazy back then).

For now, let's set the goal at ATH; every project that has thrown this kind of impressive airdrop has performed well in the end. Are you still not getting on board? #2025有哪些关键叙事？ #BTC上攻11万？