According to ChainCatcher, on-chain analyst Yujin monitored that one hour ago, an address received 164 million PENGU tokens from Wintermute after the PENGU price increased by 13%, and then sold all of them on-chain, converting them into 2.166 million USDC at a selling price of $0.0132.
Address Sells 164M PENGU for 216.6K USDC After 13% Price Surge
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Summary
On-chain data shows that a major address received 164 million PENGU tokens from Wintermute after the token's price increased by 13%, and then sold the entire amount for 216.6 million USDC at a price of $0.0132 per token. On-chain analysis reveals that the trade occurred entirely on-chain, highlighting significant movement in the token's liquidity. The transaction took place shortly after the price increase, with no signs of off-chain activity.
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