PENGU Token Plunges 33%, Reflecting Crypto Market Volatility

The PENGU token associated with the Pudgy Penguins NFT project has experienced a steep price drop of 33% following significant investor selling. This event underscores the inherent volatility within the cryptocurrency market, impacting both the ecosystem and investor sentiment surrounding the Pudgy Penguins community. While recovery seems possible, the recent decline highlights ongoing challenges for meme coin tokens post-launch.