Pudgy Penguins ($PENGU )

PENGU, the token of the NFT project Pudgy Penguins, leads the list of trending altcoins of the day. This is mainly due to its launch and airdrop yesterday. As previously reported by BeInCrypto, the PENGU airdrop caused a noticeable drop in the value of the altcoin.$USUAL $HBAR

Despite hopes for a subsequent recovery, this has not yet happened. At the time of writing, the token price was $0.35, down 50% in the last 24 hours.

However, the hourly chart shows that the coin may be on the path to recovery. As seen below, the volume has increased, and this could raise the value of the altcoin to $0.055.

However, if selling pressure continues, this may not happen. In this case, PENGU could fall below $0.025.#2024withBinance