PENGU Token Plunges 80%, Signaling Potential Reversal for Meme Coin Ecosystem

The PENGU token has experienced an alarming 80% price drop since early 2025, sparking speculation about the future of meme coin ecosystems. This significant decline is attributed to a combination of liquidity issues and transfers of tokens towards major exchanges, impacting investor confidence in speculative assets like PENGU. While the Pudgy Penguins project hasn’t issued official statements regarding these events, experts suggest that this crash highlights vulnerabilities within the DeFi space, driven by broader market downturns and investor sentiment.