PENGU project team continues to transfer funds: $108 million transferred since July

2025-12-03 03:46:18

Abstract generation in progress

[BlockBeats] Early this morning, another transaction was observed—the PENGU project’s token deployment address once again transferred approximately $3 million worth of PENGU to several centralized exchanges.

They’ve actually been doing this for several months now. Since mid-July, they’ve been carrying out this operation roughly every few days. In total, the amount transferred has reached 38,811,000,000 PENGU, which is worth about $108 million.

Interestingly, this period coincides with PENGU’s price dropping from the second rally’s peak of $0.04 all the way down to the current $0.01. If you look at the timeline and the price trend together, you can spot some patterns.

PENGU-11.3%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
6
Repost
Share

Comment

0/400

BakedCatFanboy

· 3h ago

This move is really sneaky. They dump every few days, no wonder the price keeps dropping.

View OriginalReply0

MissedAirdropBro

· 12-03 04:11

They're dumping again, no wonder the price has dropped like this.

View OriginalReply0

OnChain_Detective

· 12-03 04:02

pattern's too clean to ignore... 388B tokens dumped while price tanks 75%? nah, let me pull the data on this wallet clustering behavior - textbook liquidation signature right here

Reply0

MidnightGenesis

· 12-03 04:01

The on-chain data is so obvious, it's really not surprising at all. Judging from the code logic, the timing perfectly matches the sell-off, and it's worth noting that 38.8 billion tokens were transferred out but only 108 million? Calculated at the current price... that's interesting. Monitoring shows a wave every few days; I've seen this tactic too many times.

View OriginalReply0

GateUser-3824aa38

· 12-03 04:00

This pace is really getting hard to handle... dumping coins onto exchanges every day—how can the price not drop?

View OriginalReply0

SoliditySurvivor

· 12-03 03:57

No way, this pace... the project team is slowly dumping. --- Dumped from 0.04 to 0.01, must be really tough for those still holding. --- Every few days they transfer another batch, I really can't understand these moves. --- 38.8 billion tokens transferred out, over $100 million, it feels like they're just waiting for liquidity to take over. --- Pretty ruthless, dumping tokens on exchanges while the price is already cut in half. --- This kind of operation would cause issues for any project. --- So there’s a reason for the recent drop, it’s not a coincidence. --- Watching the project team clearly dumping, no one would feel comfortable with that.

View OriginalReply0

Trending TopicsView More
#JoinGrowthPointsDrawToWiniPhone17
269.25K Popularity
#DecemberMarketOutlook
67.39K Popularity
#PostonSquaretoEarn$50
8.72K Popularity
#LINKETFToLaunch
9.82K Popularity
#SharingMy100xToken
10.71K Popularity

Hot Gate FunView More

1
HCGHCG
MC:$3.51KHolders:2
0.09%
2
8888888open the door
MC:$3.47KHolders:1
0.00%
3
GG3GG3
MC:$3.48KHolders:1
0.00%
4
GAMEDGAMED
MC:$3.51KHolders:1
0.00%
5
jlKoi
MC:$3.54KHolders:1
0.00%

Sitemap