PENGU Plunges Amid Memecoin Selloff
PENGU, a memecoin, has fallen 7.5% in the past day due to broader weakness across the crypto market.
The token dropped below $0.007983 while trading beneath key EMAs and VWAP, leaving buyers needing to reclaim broken support to rebuild momentum.
PENGU's decline stands out against a 2.3% drop in total crypto market capitalization and a 1.4% fall in altcoins over the same period.