The price of PENGU token, linked to the Pudgy Penguins NFT collection, has plummeted by 60% after its listing on major exchanges post-airdrop.Several cryptocurrency exchanges, including Binance, OKX, Bybit, and KuCoin, listed PENGU token, however, it saw a dramatic decline in value.The market cap of PENGU dropped from $4.3 billion to $1.6 billion, while the floor price of Pudgy Penguins NFTs fell by over 50% in the last 24 hours.The rapid sell-off and transaction issues have raised concerns about the long-term viability of PENGU and Pudgy Penguins NFTs.