Trash, scam, still needs to be halved a few times

Today, many friends started to talk about Penguin PENGU. Let's focus on it: At the beginning, the whole network called $PENGU , and many people were not optimistic. Now it seems that many people in the currency circle will not listen to the narrative logic if they don't see an increase. For example, $BGB, which has been pulled up recently, is said to be a leek platform when it does not rise, $HYPE is benchmarked against GMX when it does not rise, and PENGU is also regarded as an ordinary animal MEME coin when it does not rise. Now let's talk about the reasons behind this wave of rise: 1️⃣ Wide coverage of airdrops: 91% of PENGU airdrops have been received, involving 1.1 million addresses. 2️⃣ Selling pressure has been reduced: 74% of airdrops have been directly sold or transferred to CEX, and the selling pressure has basically bottomed out. 3️⃣ Stable holdings: 16% of users have not sold, and 3.5% are still buying more. The number of holders is 2.4 times that of $WIF .
4️⃣Sufficient circulation: 70% of the airdrop has entered circulation, and the next unlocking will have to wait for a year.

Simply put, this is an unprecedented large airdrop covering Solana and EVM, and the current selling pressure has been released.
If PENGU's goal is to become the BAYC of this round and complete the unfinished vision of Yuga Labs in the previous round, then the current market value of 3.7B is not high. Referring to the 39.4B FDV that $APE has achieved, PENGU has great potential.
Now the goal is to look at the historical highs first. Every project that airdrops with such a boldness will eventually perform well. What do you think now?
#pengu