<ul data-eligibleForWebStory="false"><li>Pengu and Bonk are maintaining their momentum despite a recent market downturn, showing strength and bullish formation.</li><li>Many meme coins are experiencing losses in the current market decline, with concerns over whether the bull cycle has peaked.</li><li>The overall market is in an overbought state, with Bonk and Pengu standing out by continuing to exhibit strength amidst market drops.</li><li>Bitcoin's direction will likely determine the market's fate, impacting meme coins such as Pengu and Bonk, which are currently in a bullish phase.</li></ul>

Market watch: Bonk and Pengu Sustains Momentum Despite Latest Market Downturn, What Happened?

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