Pudgy Penguins: Why PENGU’s retail push isn’t winning over
Pudgy Penguins launched PENGU plushies for retail, expanding its user base. PENGU price rose to $0.0062 then pulled back to $0.0061, with spot netflow at -$139k. However, derivatives showed bearishness: perps sell volume hit 984.2M vs 874.9M buy volume, and futures netflow dropped 228% to -$975k.
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