$PENGU
Pepe's successor? The popular sensation Pengu
The current market trend is quite clear:
The rise and fall of a meme coin is indeed greatly related to the consensus in the crypto community, almost to the point of having an absolute correlation.
Take Pengu for instance; its consensus growth is frankly a bit frightening.
Whether it's certain C, certain Yi, or giants like Eigen, they have recently changed their profile pictures to little penguins. What's even more impressive is that even those traditional powerhouses on Wall Street, like Wanda, which manages trillions in capital, have also changed their profile pictures to little penguins. Moreover, when ringing the bell on Nasdaq, they even brought this mascot to the scene, which is definitely a sign of institutional entry. Additionally, there are numerous project founders and KOLs in the English-speaking world whose profile pictures are little penguins, indicating that its consensus has begun to grow explosively, so the coin price will naturally rise along with it. Right now, all that's missing is for Musk to interact, and it would probably get even hotter.
Daxing thinks that its popularity can be attributed mainly to the fact that little penguins are indeed cute and visually appealing; even outsiders might want to buy one after seeing it.
Don't underestimate the power of trendy collectibles; just look at how Labubu became so popular, it's a living example.
Currently, its market cap is only around ten billion, compared to Pepe and other meme coins with over fifty billion, which actually leaves quite a bit of room for growth!