Concerns Mount Over Pudgy Penguins (PENGU) Due to Low Liquidity and Ownership Concentration

The Pudgy Penguins token (PENGU) presents concerning risks with its very low market cap of just $3,130 and liquidity of only $313, indicating a highly illiquid asset that could be susceptible to manipulation. The token’s ownership distills a major red flag, as 95% of the supply has been transferred by the creator to other wallets, which could impact market stability and fairness. The token has mutable metadata, adding a further layer of uncertainty, and the overall security and governance structure appears weak with no mint authority and no freeze authority. The scoring of "bad" highlights significant caution; this project could be a high-risk speculative investment or scam. The warning signs suggest avoiding this token and instead focusing on more established and secure assets.