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Pudgy Penguins (PENGU) Looks Bearish, but On-Chain Data Tells a Surprising Story

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Crypto markets have been shaky lately, and the Pudgy Penguins token hasn’t escaped the storm. PENGU price has dropped by about 20% in the last five days, now sitting around $0.018. It looks like just another dip in a bearish market, but as analyst Gerhard from Bitcoin Strategy points out, the surface never tells the
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bearish:

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