There are rallies driven by fundamentals, rallies driven by catalysts, and then there are rallies driven by collective refusal to let a narrative die. $PENGUIN is the third type.
The early micro-prints near 0.00019 weren’t accumulation, they were indifference. No one was positioning for a move, no one was hedging, no one was talking about “FDV value capture.” That’s exactly why meme waves hit so violently price has zero resistance when no one is leaning against it.
Once attention arrived, liquidity didn’t scale fast enough. The order book didn’t widen, it snapped. That’s how you get near-vertical repricings: not because buyers are “strong,” but because sellers are absent and the system has to go find new ones at higher tiers.
A 600%+ move isn’t about conviction, it’s about velocity. Conviction comes later, after people cope, chase, and rationalize the thing they ignored at 0.00019.
Memes don’t rally because they deserve it.
They rally because no one was prepared for them not to.