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PENGU market is hot. After just rising 13%, a key address received 164 million PENGU from Wintermute. But this inflow didn't stay for long. Less than an hour after receiving, this address transferred all the PENGU to the on-chain market and sold it all at once for 2.166 million USDC.
The average selling price was pegged at $0.0132. Market participants are generally paying close attention to such large-holder behaviors — after all, sudden concentrated selling during a rising market often signals different market signals. Wintermute's transfer flow once again becomes a focus of on-chain monitoring, as these whale-level transactions can often cause ripples in market expectations.