Massive Sell-Off Shakes PENGU Market
On January 14, a quiet but significant on-chain transaction stirred market attention. Data analysis revealed that an inactive wallet received 164 million PENGU and immediately liquidated the entire holdings within an hour, converting them into 2.166 million USDC at an average price of $0.0132.
Institutional Origin Sparks Market Reaction
The tokens originated from a major liquidity provider, not from illicit sources. Despite clean transaction history, the sudden supply influx pressured short-term pricing. Notably, the dump occurred precisely as PENGU surged 13%, suggesting strategic timing by the seller.
- Transaction timed at a critical price breakout moment
- Full liquidation indicates urgency, not gradual exit
- Funds dispersed across multiple stablecoin pools to reduce visibility
This event underscores how whale movements can sway market sentiment and highlights the need for real-time on-chain monitoring in volatile crypto ecosystems.