PENGU Drops 7.5% as Memecoin Selloff Puts Key Support at Risk

PENGU fell 7.5% as broader memecoin selling intensified across the crypto market. PENGU broke below $0.007983 while trading beneath key EMAs and VWAP. Buyers must reclaim broken support, while continued weakness could expose lower price levels. Pudgy Penguins is facing fresh selling pressure as traders reduce memecoin exposure. The token dropped roughly 7.5% during the past 24 hours. Trading volume also stayed below recent averages, s…