PENGUIN has shown very high volatility with significant short-term gains (e.g., ~500% in 24h), typical of meme-oriented tokens. �
solflare.com
Such spikes often reflect speculative inflows driven by trending sentiment rather than underlying fundamentals.
Volatility and volume can generate trading opportunities — but also elevated risk of rapid reversals.
Meme tokens generally lack traditional utility (revenue streams, cash flows, product use cases) — meaning price can be primarily sentiment-driven.
High trading volume and rapid price moves attract short-term traders but also increase risk of swift drawdowns.
Always consider that meme coin trends may reverse quickly if hype cools or liquidity shifts.