PENGU Token Slides After Whale Sell-Off, But Long-Term Potential Remains

A recent sell-off by large investors has caused a significant drop in the PENGU token price, but experts suggest this may be a temporary setback. The token is linked to the popular Pudgy Penguins NFT collection and saw sharp declines after whales offloaded millions of tokens. Despite this sell-off, technical analysis suggests that the PENGU token might recover, potentially reaching new highs. 50% drop from recent peaks indicates an immediate downturn but long-term investors remain optimistic.