Pudgy Penguins is suspected of selling a large amount of $Pengu, and on-chain data shows that more than 40 million were shipped in 4 days.

On July 17, according to Australian lion BroLeon on X (formerly Twitter), the Pudgy Penguins official wallet has been frantically selling $Pengu tokens through multiple centralized exchanges (CEX) when market sentiment was high. On-chain data shows that in the past four days alone, the cumulative shipment volume has exceeded 40 million, and large amounts were transferred to major exchanges twice only 6 hours and 13 hours ago. Currently, his wallet still holds more than $1.1 billion worth of $Pengu. [PANews]