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1.64 billion PENGU on-chain liquidity: large holders cash out 2.16 million USDC after the rally
【Crypto World】Interesting developments. $PENGU rose 13% today, and as a result, an address received 164 million tokens from Wintermute within the last hour. This transaction volume is significant—immediately afterward, all tokens were transferred out on-chain at a price of $0.0132 each, exchanging for 2.166 million USDC.
It appears to be a coordinated profit-taking move by an institution at a high point. Such large token movements usually indicate that major players are adjusting their positions, especially after a price rally. For traders who track on-chain activity, this kind of whale behavior data is worth paying attention to—it often reflects short-term market sentiment shifts.