The first and last time I buy a memecoin.

Let's talk about pudgy penguins! Here is my analysis and opinions. $PENGU the native token aka memecoin released by nft developer pudgy penguins. One of the top nft in the world. N.1 nft in the world at some point. But this is a memecoin , and it's current market cap is simply overrated valued at more than 1B$+ , the token was heavily airdropped to the holder of pudgy nft. It's not a very widely used meme, nor known outside the crypto - nft marketplace. I'm expecting the downtrend to continue , this is due to the recent sharp decline of overall memecoin market. while i believe it can recover once the memecoin market return it's not anytime soon. as ai has overtaken the current Trent . If you planning to buy the token be cautious and dyor before any financial investment. Thanks for reading 🍻cheers
$PENGU