PENGU Decreases 55% After Several Hours of Airdrop When Meme Coin Crashes Massively

The highly anticipated launch of Pudgy Penguin's PENGU token on the Solana blockchain with a large airdrop has failed to maintain its upward momentum as the token's value has dropped over 54% in the past 24 hours. The initial value of the token surged to $0.068 before decreasing to $0.031 amidst strong selling pressure from top holders.

The top meme coins are also down significantly over the past 24 hours with Dogecoin, Shiba Inu and PEPE down 4%, 4.3% and 6.3%, respectively. The meme coin's market capitalization has fallen to $127 billion, marking a 3.5% decline over the past 24 hours, according to CoinGecko data. Please provide Vietnamese text to translate. NFT Pudgy Penguins Floor Price Drops 48% Pudgy Penguins NFT has experienced a sharp decline after the PENGU token airdrop for holders. The floor price of the NFT collection has dropped from 33 ETH to 17 ETH due to the selling pressure caused by the airdrop decline. Initially, the token surged to $0.068 but quickly dropped more than 50% to $0.031, dragging down the value of the collection even further. Once the second largest NFT collection by market capitalization, Pudgy Penguins has now dropped to third place, surpassed by Bored Ape Yacht Club with a floor price of 18.89 ETH, according to CoinGecko. Token PENGU was launched with a market capitalization of $2.3 billion and has witnessed strong trading activity, with a volume of $425 million in just four hours. However, Lookonchain data shows that most traders are flipping the token to make quick profits, further exacerbating market instability and weakening sentiment towards the Pudgy Penguins ecosystem. DYOR! #Write2Win #Write&Earn $PENGU {spot}(PENGUUSDT)