Trader Eugene: PENGU is basically a copy of APE

ChainCatcher news, trader Eugene posted on platform X that PENGU is essentially a copy of APE, but with a properly functioning team that knows how to execute projects under Luca Netz, and has an upcoming important catalyst, which is the Abstract Chain launching in January.

Eugene stated: "I like the fact that we have run a complete airdrop fractal, and early participants have basically completely exited this phase, so we can now achieve proper price discovery in 2025.

PENGU is an obvious market leader across multiple verticals (NFT/consumer/meme?). From a technical analysis perspective, it is also quite clear, with mid-term support at around $0.03, and the range low is not too far off." It is expected that at some point in January, people's attention will be focused on PENGU."