To me it's the other way around. I mean of course people will take their profits. But as there are more users of $PENGU, people will be used to buying it and holding some in their Abstract Global Wallet. After a while of seeing this new currency around, they will think that $PENGU is just money and has inherent value.
So the more users of $PENGU, the higher the demand, the higher the trust and confidence into it and the least $PENGU's price will go down.
Of course, as for everything, if you don't believe it has any value, then the price will go down. Simple example is the paper that you call $100 bill. It is just paper, it has no value to your body as it is not food nor water no air. And despite this, you truely believe it has intreseque value and don't have the need to convert it to gold for example. It will be the same with $PENGU over time.
#PENGU