$PENGU 🚨 PENGU Token Takes a Dive – Here’s Why! 🐧📉
1️⃣ Airdrop Sell-Off 📤
PENGU tokens from Drip.Haus airdrops are flooding the market as early supporters cash out for quick profits, causing selling pressure.
2️⃣ Profit-Taking Hype 💰
After Binance’s listing pumped the price, traders sold rapidly, which is typical for hyped launches.
3️⃣ Meme Market Volatility 🌐
The meme coin market is shaky, with limited liquidity and concentrated token holders creating sharper price swings.
4️⃣ High Supply Circulation ⚠️
Over 70% of PENGU’s supply is in circulation, reducing scarcity and pressuring prices.
What’s Next? 🤔
📌 Corrections are normal—selling pressure will stabilize.
📌 Watch key support levels for entry points.
📌 PENGU’s ecosystem has big plans across Ethereum and Abstract, offering long-term potential.
🐧 Dip buyers or holders—what’s your move? Share your strategy! 💬