$PENGU faces massive sell-offs, with $9.3M sold so far, causing a 50% price drop. More sales may follow.
Yo, $PENGU is getting hit hard with a huge sell-off right now. A massive $8.74 million worth of tokens have already been sold, these sellings were mostly by early investors and some big wallets. One wallet, named HoTdB…YL8YZ, got a huge chunk of 888 million tokens just before the airdrop event. This wallet already flipped 169 million tokens for $0.05164 each, but it still holds 719 million tokens, worth around $40 million.
The selling didn’t stop after that—just 20 minutes later, another 176 million tokens were sold, worth $9.3 million. That’s nearly 20% of this wallet’s holdings gone. Now, it’s still sitting on 7.12 million tokens, worth $37.7 million, so more sales could be coming.
Right now, $PENGU’s price has dropped to $0.03388, down 50% in just 24 hours. With so many tokens still in circulation and big holders selling off, the price could keep dropping. If you’re holding $PENGU or thinking of jumping in, stay on top of the situation because things could get wild. Keep an eye out as this could seriously shake up the market!
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