The basic news was as follows:

1) btc breaking $75k

2) dwf labs, invested $20 million in cat

3) the public will get pengu

the pengu airdrop is huge and with airdrops being free, and pengu trading being cheaper than cat, the choice is clear.

cat: just ran to $0.06, up 4x from the lows and did not take a hit at all.

pengu: did upgrades, airdrops: which are expected to overshadow cat due to surplus or excess supply

why:
- increased supply of pengu will increase its market depth and liquidity driving trading activity
- users can trade larges sums of pengu than cat without affecting the price
- increased supply of pengu gives traders more control over pricing since the prices are relative to demand
- increased supply of pengu gives market makers more flexibility to recover from losses and facilitates price discovery
- the upgrades being proposed need higher liquidity to function correctly and pengu with its sup-ply and demand profile is best equipped
- the interplay between increased supply and demand means market makers can route transactions and recover fees effectively
- market makers are interested in sophisticated and complex models and pengu dynamics allow for that
- given the nature of whales who trade in both cat and pengu, the shift to pengu is only a matter of time.

conclusion:

cat: is due for a correction, but institutional buying is keeping it up.

pengu: is due for a pump especially with btc breaking $75k. the easy money for cat is done.