PENGU has recently witnessed a dramatic 60% drop in its price following its listing on several major exchanges post-token launch. This decline has raised concerns among investors and traders who are closely monitoring the Pudgy Penguins NFT market. The sudden fallout can be attributed to volatility typically associated with new token releases and the airdrop effect. Such significant price movements highlight the necessity for caution among new investors entering the market. As the NFT space evolves, understanding these dynamics becomes crucial for managing risk and making informed investment decisions. Investors must keep a close eye on PENGU and the broader NFT ecosystem as shifts in sentiment can lead to rapid price changes.