Fat Penguin (#pengu ) #nft Recently, sales have plummeted by 31.4%, and the hype around NFTs is no longer as hot as it was in 2021🔥. The PENGU token has been declining since August, dropping from $0.032 to $0.0086, a decrease of 73.5% in five months! Even among meme coins, this is quite severe.
On-chain data shows that holders are transferring PENGU to cold wallets. While this indicates that some are accumulating, the scale is far smaller than in May and June. In the short term, the risk of breaking the support at $0.00855 is very high, and a bull market recovery seems unlikely🛑.
If the bears continue to push, the next target may be $0.0054–$0.0039💀. Overall, market sentiment is bleak, and PENGU still needs to "weather the winter."
