Since my last alpha feed post, Pengu has basically dumped and revived in the span of a few months. This post provides an update on Pengu changes and examines what might be driving the recent volatility.
Where does Pengu stand?
Pengu is a tricky asset to value because it’s hard to quantify how relevant cultural attention is to buying demand for the Pengu token. Pudgy Penguins are undeniably one of the largest brands to come out from crypto, but how do you put a number to this?
Currently Pengu stands as the 5th largest culture coin. Pengu does have a portion of supply locked up but this unlock doesn’t occur until 5 months out so we won’t factor this in right now
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