Arkham revealed that the deployer wallet behind Pudgy Penguins (PENGU) transferred a staggering 1.5 billion tokens, worth around $45.56 million, to major centralized exchanges. This large-scale movement has ignited debate over whether a price dump could be next.
Crypto Star
07/17 10:16
Pudgy Penguins Deployer Moves 1.5B Tokens to Excha
Pudgy Penguins Deployer Moves 1.5B Tokens to Exchanges, Is a PENGU Dump Incoming?
PENGU deployer transfers 1.5 billion tokens worth $45M to major exchanges, sparking fears of a potential dump
- Arkham Intelligence revealed the deployer wallet behind PENGU moved 1.586 billion tokens to multiple centralized exchanges.
- The large movement triggered concerns over a possible price dump, with traders split between taking profits or holding.
- Experts highlights that PENGU’s fundamentals and major exchange support outpace many older meme coins, making deployer fears less impactful.
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