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Recently, I have been keeping a close eye on PENGU. From the price trend, it needs to go through a consolidation phase first, similar to the oscillation digestion at the end of last year, stabilizing the support level before potentially initiating an upward trend.
To be honest, I am quite optimistic about this project. Currently, I hold a certain amount of position and plan to view it as a medium to long-term allocation.
The key is still to see when the Solana ecosystem and the MEME sector will become active again. Once the popularity of these sectors rebounds, PENGU, as a representative project within the ecosystem, should have corresponding performance opportunities. Now, it's just waiting for this window.
Actually, it's still a gamble on when Solana will explode. Right now, the MEME sector is indeed too cold.
*checks notes* fascinating how solana memes always need the ecosystem to "reactivate" - sounds exactly like what people said about $LUNA holders waiting for adoption 💀