Pudgy Penguins PENGU Token Faces Volatility After Airdrop
The newly launched PENGU token by the Pudgy Penguins NFT project is experiencing considerable volatility following its recent airdrop on December 17. Just hours after the launch, PENGU’s value plummeted by over 50%. The sudden drop has raised questions among investors about the sustainability of new tokens in the crypto space. Despite this turbulence, the NFTs linked to the Pudgy Penguins project continue to capture attention, as the market closely observes these developments. Investors are urged to exercise caution when engaging with newly launched cryptocurrencies, given the unpredictable nature of the market and the rapid price fluctuations that can occur.
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