PENGU Price Plummets 35%, But Analysts See September Rebound

The PENGU price has experienced a sharp decline from its late-July peak, falling approximately 35% since July’s local high. Despite this downturn, analysts predict a potential rebound in September driven by several key factors. The slump reflects broader cooling trends within the NFT market and Ethereum’s (ETH) price pullback. However, trading activity remains strong, indicating cautious sentiment among investors.