Today a chubby penguin released a game app, and yesterday's trend was strong enough. The project team might really be working seriously?

$PENGU
Why choose to short pengu?
1. Macroeconomic level:
Currently, the polarization in the crypto space is extremely serious, with BTC hype funds pouring in wildly and repeatedly hitting new highs, while most air coins haven't even reached the price of 5.15, proving that the market has voted with money to reject air coins.
2. Narrative ended:
Pengu relied on providing ETF materials + exchanges collectively changing avatars to surge significantly, but now the exchanges have changed their avatars back, so I believe this narrative has ended and should return to its original normal price.

Low leverage shorting is always correct; my liquidation price is far above the current high point. I expect to hold this position for ten days and then reassess.