#pengu

The pengu coin has increased 7 times since being listed on Binance; let's see if there is more potential.

The pengu coin is the official token of the Pudgy Penguins project, set to launch on the Solana chain in 2024. The total supply of the token is 88.8 billion, aimed at expanding the project's community and attracting new users. The distribution of PENGU coins focuses on community building and ecological development, with specific allocations as follows: Pudgy Penguins community accounts for 25.9%, other communities account for 24.12%, the team accounts for 17.8% (with a 1-year lock-up period and 3-year linear vesting), partners account for 11.48% (with a 1-year lock-up period and 3-year linear vesting), liquidity support accounts for 12.35%, and promotions and public sales account for 4% each, while FTT holders account for 0.35%.

Summary: Upon launch, its market cap reached the 65th position, which is relatively high. Consider that mainstream projects like ARB and ORDI are ranked outside the top 80, so I believe this coin's market cap is too high and not worth purchasing. It is highly likely that it will spike on the first day, then drop and continue to decline afterward.