Nietzschean Penguin hits ATH, then crashes – Why ‘scarcity’ fails to save bulls PENGUIN’s rapid hype-driven rally collapsed into a 75% drawdown, showing fixed supply cannot offset weak market structure. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Filed under: Bitcoin - @ February 1, 2026 8:00 pm