🐧 Meme coin crashes 75%, but Pudgy Penguins rebounds against the trend

According to Blockchain Magazine (March 30) and Spoted Crypto data, the total market value of the Meme coin sector plummeted from $150.6 billion in December 2024 to $31 billion (-75%), but some projects are performing strongly against the trend.

📈 Recent performance of Pudgy Penguins (PENGU):

• NFT floor price increased by 18% week-on-week

• PENGU token listed as one of today’s hot assets

• Social media discussion volume rising against the trend

🔍 Why can PENGU go against the trend?

1. Successful IP commercialization: Pudgy Penguins' physical toys continue to sell well in retail channels such as Walmart

2. Strong community stickiness: does not rely on pure speculative narratives, has real brand value

3. "Safe haven effect" in a fearful market: funds flowing from purely speculative Meme coins to projects supported by IP

⚠️ But be cautious:

• The overall Meme coin market is still in a deep bear market

• DOGE social metrics surged 140% week-on-week, but the price only slightly increased by 2.31%—popularity does not equal buying power

• In an environment with a fear and greed index of 8, any rebound could be short-lived

💡 Core lesson for Meme coin investment: Purely speculative Meme coins without IP, community, or application scenarios are nearly worthless in a bear market. Choosing projects with real value support is essential to navigate the cycle.

Source: Blockchain Magazine (3/30), Spoted Crypto (3/29)

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