A recent event that drew the eyes of the crypto community was the burning of 13.69% of the total supply of $PENGU tokens. The move saw 12,164,667,616 tokens removed from the circulating supply. Remember, token burns are pretty common in the crypto world. They’re often seen as bullish events, where tokens are literally destroyed to reduce the supply, and hopefully, that leads to an increase in the value of the remaining tokens. Despite the supply shock from the recent burn, however, the price of $PENGU dropped by 12% on the same day, leading to some discussions and debates in the
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