🐧 $PENGU Token Launch: Rollercoaster Start
#pengu , the new token from the Pudgy Penguins ecosystem, launched on $SOL with a splash, reaching the top 100 cryptocurrencies by market cap. But excitement turned to chaos as the price plunged 57% from $0.068, driven by a sell-off of 20% of its supply ($9.3M).
📉 NFT Impact
The Pudgy Penguins NFT floor price dropped to 17.2 $ETH despite a 258% spike in daily sales, as many offloaded NFTs and tokens post-airdrop.
🔍 What’s Next?
While the market cap stands strong at $1.8B, stability depends on easing selling pressure. Will PENGU rebound or face further turbulence?
