$PENGU Back to Antarctica?
In August, the price fell from its all-time high of $0.60 in July to $0.38. The current price (September) is $0.28, down approximately 50% from that peak.
Without a catalyst, NFTs will enter a period of dormancy or nervousness.
From the outset, I was skeptical of this "mania" and warned of a subsequent pullback, which occurred in less than a month. Since mid-August, PENGU has been trading below $0.40.
I don't consider NFTs inherently bad. Although it's difficult to consider them a good investment for speculative trading. You have to be truly willing to view them as assets and hold them long-term or indefinitely, but that's impossible if you don't even like the art itself...
{future}(PENGUUSDT)
By the way, penguin colonies are in Antarctica (Earth's South Pole)...
Real penguins migrate south during the winter because it's summer (from a polar perspective, which is to say, from a continental perspective, it's still too cold to call it summer, but whatever...)
I believe anyone who bought at the highs will be left stranded (as shown in the chart below).
{future}(ETHUSDT)
{future}(SOLUSDT)
$SOL $AR
#pengu #MarketPullback #MEME