$Penguin Token Plunges from $170M Peak to $20M Market Cap

The memecoin experiences a steep correction within 10 days, though $3 million in daily trading volume suggests ongoing trader interest.

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Terms & Concepts
  • Market Capitalization (Mcap): The total value of a cryptocurrency, calculated by multiplying the current price by the total supply of coins in circulation.
  • All-Time High (ATH): The highest price level that a cryptocurrency or token has ever reached.
  • Trading Volume: The total value of a cryptocurrency traded within a specific timeframe, indicating market activity and liquidity.