{"id":6327,"date":"2025-07-31T03:00:09","date_gmt":"2025-07-31T03:00:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pengu-continues-to-plunge-as-insider-wallet-moves-another-5-6m-to-exchanges\/"},"modified":"2025-07-31T03:00:17","modified_gmt":"2025-07-31T03:00:17","slug":"pengu-continues-to-plunge-as-insider-wallet-moves-another-5-6m-to-exchanges","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pengu-continues-to-plunge-as-insider-wallet-moves-another-5-6m-to-exchanges\/","title":{"rendered":"PENGU continues to plunge as insider wallet moves another $5.6M to exchanges"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">PENGU\u2019s rally has reversed with a 17% weekly loss, as on-chain data points to one insider-linked wallet offloading over $17 million worth of tokens to exchanges since July.<\/p>\n<div id=\"cn-block-summary-block_31264ef9929557dab15e1dce215d254b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>PENGU is down 17% in a week as a wallet linked to the deployer sent over $17M worth of tokens to exchanges.<\/li>\n<li>Technical indicators show early signs of weakness, with a bearish MACD crossover and falling RSI.<\/li>\n<li>Despite the correction, long-term trend lines remain bullish, supported by high trading volume.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Pudgy Penguins (PENGU) token has declined sharply in recent days, falling 6.5% in the last 24 hours to $0.03533. Over the past week, the token is down 17% after reaching a local high of $0.0447 on July 27. Even with a 133% gain in the past 30 days, PENGU is still 48% below its all-time high of $0.06845 set in Dec. 2024.<\/p>\n<h2 class=\"wp-block-heading\">Are PENGU insider preparing to dump?<\/h2>\n<p>On-chain <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/intel.arkm.com\/explorer\/address\/8hQvQoHNozB98AtZehxJw8B1WuaW7WKXprwjwuczund8\" target=\"_blank\">data<\/a> shared by pseudonymous analyst Ai shows that address 8hQvQ\u2026zund8, connected to the PENGU deployment wallet, deposited 150 million tokens, worth around $5.64 million, to Binance on July 30.<\/p>\n<p>This brings the total moved by the address to 485 million PENGU, about $17.67 million, since early July. More transfers have been recorded before this.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"zh\" dir=\"ltr\">. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24PENGU&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$PENGU<\/a> \u9879\u76ee\u65b9\u5173\u8054\u5730\u5740 8hQvQ\u2026zund8 \u518d\u6b21\u5411 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#Binance<\/a> \u5145\u503c 1.5 \u4ebf\u679a PENGU\uff0c\u4ef7\u503c 564 \u4e07\u7f8e\u5143\ud83d\udc27<\/p>\n<p>\u8be5\u5730\u5740\u66fe\u5728 2024.12 \u6536\u5230 PENGU \u90e8\u7f72\u5730\u5740\u7684 13.5 \u4ebf\u679a\u4ee3\u5e01\uff0c\u4e14\u81ea 7 \u6708\u4ee5\u6765\u5df2\u7d2f\u8ba1\u5411\u4ea4\u6613\u6240\u8f6c\u79fb 4.85 \u4ebf\u679a\uff0c\u603b\u4ef7\u503c 1767 \u4e07\u7f8e\u5143\uff0c\u5747\u4ef7 $0.03642<\/p>\n<p>\u8fd1\u4e03\u5929 PENGU \u5df2\u4e0b\u8dcc 14.5%\ud83d\udcc9\u94b1\u5305\u5730\u5740\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/98jbz0oxcf\" target=\"_blank\">pic.twitter.com\/98jbz0oxcf<\/a><\/p>\n<p>\u2014 Ai \u59e8 (@ai_9684xtpa) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ai_9684xtpa\/status\/1950471462307139821?ref_src=twsrc%5Etfw\" target=\"_blank\">July 30, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Over 2 billion tokens, totaling $66.6 million, were <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/embercn\/status\/1949667701196268029?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\">moved<\/a> from the PENGU deployment address to centralized exchanges between July 12 and July 28. On July 28 alone, $8.91 million worth of those tokens were moved. Although some speculate that these actions might be related to partnerships or liquidity, the timing has sparked worries about a possible strategic dump.<\/p>\n<p>Trading activity remains strong despite the recent concerns. The 24-hour spot volume for PENGU has risen 34% to $943.1 million, while the derivatives volume has increased to $2.76 billion, a 27% surge. A 1.76% decline in open interest, however, indicates that some traders may be reducing their short-term holdings.<\/p>\n<h2 class=\"wp-block-heading\">PENGU technical analysis<\/h2>\n<p>PENGU is holding near its 20-day simple moving average at $0.0352. It has recently retreated from the upper Bollinger Band and is now nearer the $0.0245 lower band support. After reaching overbought levels above 73 earlier this week, the relative strength index has now dropped to 57.6.<\/p>\n<figure class=\"wp-block-image size-large\"><picture decoding=\"async\" class=\"wp-image-14401456\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">PENGU daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>The Stochastic RSI is currently in the lower zone, and the moving average convergence divergence has crossed below the signal line, two early indicators of waning momentum. The 50-day EMA sits at $0.0257, while the 200-day EMA remains lower at $0.0182, suggesting the long-term trend is still intact unless the current dip worsens.<\/p>\n<p>The next support is located around $0.030 if PENGU is unable to hold above $0.035. For short-term sentiment to shift to bullish, a recovery above $0.038 would be required.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PENGU\u2019s rally has reversed with a 17% weekly loss, as on-chain data points to one insider-linked wallet offloading over $17 million worth of tokens to exchanges since July. Summary PENGU&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6327"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6327\/revisions"}],"predecessor-version":[{"id":6328,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6327\/revisions\/6328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5268"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}