Why did $PENGU rise 230% in a month?

If the era of knockoff seasons really comes, or if there are friends who want to take advantage of it, there are certain strategic choices you cannot avoid.

How to identify a good project; or what characteristics do good projects have?

1. Good stories of good projects contain good content:

Emotional resonance, active community, high number of followers on official Twitter, high discussion rate;

Exquisite design, high recognizability, strong shareability, and wide acceptance.

2. Concept integration

DOGE shib pepe (institutions, animals)

PENGU ban (art, NFT),

AI16Z goat (AI, meme),

3. Celebrity endorsement rules

Trump drives the coin: maga people pepe

Musk drives the coins: doge shib wif pnut

Coins driven by Vitalik: shib moodeng

Pay attention to their tweets/images containing a certain concept

And social news, hot events

Basically, as long as the concept is good and the memes are strong, the influence will rise.

4. Example demonstration:

Why did pengu rise so well?

Originally, Fat Penguin was quite influential in the NFT track, the 8888th NFT on the Ethereum chain in 2021, sold out in 20 minutes. Perhaps making money was too easy, the team started to decline, and later it faltered. In 2022, a person named Luca bought it for 2.5 million dollars. Don’t underestimate this 2.5 million. He combined digitalization with reality effectively, creating a plush toy of Fat Penguin, which can be seen in large supermarkets like Sam's and Walmart in the US, featuring a QR code that allows you to play mini-games by scanning it. This gradually accumulated a lot of traffic and attracted larger capital into the market.

The token itself is on the Ethereum chain, but he allocated 24% to the Solana chain for airdrops, and the community holds 26% of the tokens. The project team locked their own tokens for 1 year, and then slowly released them over 3 years. Another surprise is that this round gained Binance holders!

Strong NFT attributes + the hottest meme coin chain Solana supply, how can it not be popular?

So a project with a real-world IP + large capital + large community + large platform + large user base is naturally a market bombshell.

Therefore, in the future, we will have some references when identifying projects.

(The above content is for reference only; investors bear their own risks.)