[Fake] (ETH - pudgypenguin.xyz) (PENGU)

solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv

6 months of basing on declining volume, double bottom, looks a lot like accumulation

most memes have 0 moat, pengu got their IP + brand which receives billions of views like clockwork

if/when SOL marks up, hard to see pengu not following along

As long as the markets hold, this coin can rally again..

First of all, the markets holding neutral is a big ask so at the moment I think it's too risky to do anything with it but both fundamentally and technically this could become great

We're talking about $PENGU; strong fundamentals, decent bottoming confirmations here. Awaiting the final confirmation for me to consider scaling in again 👀

$PENGU I realize that memes in general are totally dead and that those types of risk on assets aren't going to be coming back until the overall market gets better. With that said, I think that many of these have a few x in them at a minimum when that does happen.

Now, you can say the same thing about any beaten down coin- but memes always have stronger energy in the right environment vs. something dead like TIA.

The only concern is mostly time...it could take a while before these things really strongly move. But I do think that coins like PENGU are good options when solana shitcoins come back. I have a bag.