Analyst Explains Why PENGU Token Could Hit $10B Market Cap
The post Analyst Explains Why PENGU Token Could Hit $10B Market Cap appeared on BitcoinEthereumNews.com.
PENGU token, a Solana memecoin, is the market’s new trendsetter, achieving an 800% rally after launch. More importantly, it is still maintaining a major surge despite the market fluctuations that failed to influence its market positioning and demand. Few investors believe that the PENGU market cap can hit $10B, and here is why. Why PENGU Token’s Market Cap Can Hit $10B? PENGU’s price surged greatly right after launch but dropped in the last 24 hours amid the crypto market crash, but Leshka.eth claims that the PENGU market cap can hit $10B in just a matter of time. She pointed out the success of the Pudgy Penguin airdrop, as 70-72% of the airdrop got claimed within 24 hours, showing high interest from the investors. Although the meme coin has dropped on the charts amidst the selling pressure, it has maintained its stand, keeping it closer to the $2B market cap. $PENGU is at $2b mcap now Over 70% of airdrop tokens claimed already This token survived $600,000,000 of sell pressure within 24 hours only -50% drawdown from the top It’s not about IF $PENGU can ever cross $10b mcap, it’s about WHEN it gets there pic.twitter.com/XbL9n1P06T — Leshka.eth ⛩ (@leshka_eth) December 18, 2024 Overall, investors have a high interest in the PENGU token, either due to its connection with the popular NFT project Pudgy Penguin or its Solana launch. Notably, the analyst believes that it is only a matter of time before the PENGU market cap hits $10B. Her analysis unveils the Pudgy Penguin token demand and successful airdrop. However, there is much more behind the PENGU price growth. Analyzing PENGU Token’s Growth & Future Potential Pudgy Penguin (PENGU) entered the crypto market with a Binance listing, which fueled its demand. However, the investors were already hyped for this even before…
