【🐧 PENGU 24-hour plummeting 10%! The MEME coin market is in a comprehensive retreat, how is your position?】

🟣 1. What happened?

- PENGU price dropped to around $0.01, with a decline of over 10% in 24 hours.

- This drop is a continuation of the downward trend over the past few months.

- The overall market is weak, especially Bitcoin is affected by the cooling of the AI sector, dragging down many altcoins and Meme coins, including PENGU.

Impact on traders: This is not just a correction of a single project, but a signal of a sharp decline in market risk appetite. Positions holding high-volatility Meme coins are facing severe tests.

🟩 2. What to expect in the future? Key signals conveyed by the market

- **Official stance**: There are currently no significant positive supports in the market, with sentiment dominating prices.

- **Trend changes**: Funds may be shifting from high-risk Meme coins to more stable assets or waiting for changes.

- **Potential opportunities and risks**:

- Opportunity: For investors who believe in the long-term IP value of Pudgy Penguins, a deep drop may be seen as an opportunity for phased layout.

- Risk: If Bitcoin continues to be under pressure, the Meme coin sector may face further sell-offs. The risk of chasing highs or blindly bottom-fishing is extremely high.

- Action advice: Reassess your investment portfolio risk, set clear stop-loss points for assets like Meme coins, and consider maintaining a low position or waiting for clarity in trends before making moves.

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