Since then $PENGU crashed to 700 million MCap, Still it's overpriced. These are the scams once initial investors are in profit they'll sell everything and Run away. Looks like team hasn't got the expected investment.

Why even earth $PENGU has market cap of over $2 billion. Does previous cashed out $OM holders investing in Penguine ?
Don't tell me because of NFT schemes, NFTs are already dead.
It appears to be a potential slow pump-and-dump scheme, with a high risk of a rug pull.