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Pudgy Penguins Token PENGU Starts Trading, Tumbles on Major Exchanges
- The PENGU token dropped over 50% shortly after its airdrop to NFT holders.
- Pudgy Penguins NFT floor price fell from 33 ETH to 16 ETH.
- PENGU had a market capitalization of US$2.3B at launch, now down to less than US$1.7B.
- One trader earned US$13.7M by flipping 5.3 million PENGU tokens within 20 minutes.
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