I thought about this post today. I respect Steve and realize he was just talking out loud.I remember reading all the replies and almost had me second guessing myself. I believe in Luca and the team. Sometimes actually believing in something works. Go read some comments lol $PENGU
Is $PENGU capable of a comeback? It's down from a ~$3B MC to ~$500M in about a month, and now hampered by the Solana scandal headwinds.
What could drive a recovery? This isn’t FUD - I’m not a memecoiner, but I believed in (and still HODL) this one. The lower it drops, the lower sell targets get as people try to cut losses.
What levers could turn this around? Utility? Institutional money? Something novel we haven't seen before?
My thesis was mid-Q1, expecting the team to ramp up marketing, but we’re still trending down. I'm finally debating whether to cut my losses for the first time since I entered this trade.
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