I’m selling my PENGU. Not all at once, but I’ve been steadily getting out over the past few weeks and I’m close to being fully done. It might seem strange considering all the hype around it lately — especially after Coinbase changed its platform avatar to PENGU. That’s literally all that happened. But you’d think they announced a moon mission the way people are reacting.

At first, I was curious like everyone else. The Pudgy Penguins team has always known how to generate buzz and they’ve built a strong brand around something that started as a meme. When PENGU launched in December 2024 with a massive supply of 88.88 billion tokens, I bought a little. I mean, who wouldn’t? The energy was electric. Prices jumped, communities exploded, and for a moment, it felt like this could be the next big thing.

But then reality set in. The token dropped hard, trading as low as 0.04 earlier this year. I held through the dip, hoping for a bounce, telling myself the story about utility and long-term vision. But the more I watched, the more I realized how much of the movement seemed artificial. Big pumps, sudden spikes, whales moving millions — none of it felt organic. And now, with this latest surge to 0.28, I can’t help but feel like we’re seeing the same playbook unfold again.

Let’s not forget what happened with DOGE and WIF last December. Both saw explosive moves fueled by speculation and exchange-driven excitement. Everyone thought they were breaking out for good. But today, DOGE is around 0.19 and WIF sits near 0.99 — both well off their highs. Momentum faded. Reality took over.

That’s why I’ve decided to walk away. I don’t hate the project. I just don’t trust the dynamics. The price swings too hard, the narratives shift overnight, and the real use case for the token still feels light. Combine that with the sheer volume of tokens floating around and it’s easy to see how smaller holders like me can get crushed.

This isn’t financial advice. Just my experience. I’ve learned the hard way that sometimes the smartest move is knowing when to step back. If you’re riding the wave, enjoy it. But don’t say you weren’t warned when things cool off again.