The Meme Logic and Risk Warning Behind the Surge of ENGU
The PENGU token has risen by 45% in a single day, topping the Binance gainers list! This Pudgy
Penguins ecosystem token currently has a market cap of $878 million, sparking heated discussions in the market.
Regarding its attribute positioning, two core understandings need to be clarified:
Essentially a new player in the Meme track, continuing the traffic play of animal-themed tokens (like the wealth effects of PEPE and SHIB), lacking substantial technical foundation, driven purely by community enthusiasm and IP effects.
Currently, three major risk points need to be heeded:
⚠️ Lack of ecosystem: The project team has yet to release an official roadmap, and the transparency of the token economic model is insufficient.
⚠️ Liquidity risks: A market cap of $878 million is considered micro in the crypto market, with a high possibility of manipulation by large holders.
⚠️ Typical "pump and dump" characteristics: The intraday chart shows impulse-like surges, with an abnormal increase in turnover rate.
Advice for newcomers:
Such Meme coins are essentially emotional gambling chips; do not participate with a "value investment" mindset. It is advisable to set strict stop-loss levels (such as exiting unconditionally if the drop exceeds 15%) and avoid leveraging to chase the rise.
In the crypto market, in the game of passing the parcel, the last to hold the bag is always the retail investor.
