I look at $PENGUIN and think that more interesting than any graph here is not the token itself, but the story.
The scene is simple: a penguin leaves the colony and goes not where it should, but to the mountains. Against logic, against survival. And it goes because it can. People picked up on this instantly. The story about choice, even if it's wrong - always works.
Memes exploded on social media. Big accounts poured oil on the fire. And even the White House suddenly became part of this narrative. Then appears $PENGUIN - a meme-token without a product, without utility, without a roadmap. There is only a story. And it costs money. 170M at its peak - the market paid for the story, not the token.
Interestingly, the market reacts not to meaning, but to symbolism. People want to believe that they are choosing their path, even when they are just buying a meme-token. And as long as the story is alive, the capitalization is also alive. As soon as the story burns out - everything will fall apart.
And I catch myself thinking: it doesn't matter if the penguin reaches the mountains. What matters is that it went. And while we watch, the market moves along with it. This is not about money. This is about faith. And for it, people pay.
