The fat penguin $PENGU should have reached the peak by now. Various institutions and whales have started to slowly offload their holdings. Perhaps there will be another secondary peak, but considering both risk and return, the cost-effectiveness of participating is no longer high. It seems that after pulling up ten times from the bottom in this round of the bull market, everyone has defaulted to seeing the peak, just like the previous $MOODENG hippo. The next phase is likely to be high-level fluctuations and slow offloading.