PENGU Price Plunges 15% as Pudgy Penguins Insiders Offloads Another $5.6M

PENGU has lost 15% after an address believed to belong to Pudgy Penguins team members has moved 150 M tokens worth $5.64 M to Binance. On-chain data show insiders have now sent 485 M tokens to exchanges since July, while 9.54 B remain in the deployer wallet, raising fears of sustained sell pressure.

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