According to on-chain analyst Ai Yi, PENGU project-related wallets (or early investors) are still selling, with 176 million PENGU (nearly 20% of their holdings) sold for approximately $9.287 million, leaving the remaining token value at $37.71 million.
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The address suspected to be associated with the PENGU project is still selling, and has sold $9.287 million worth of PENGU so far.
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