The PENGU token, native to the Pudgy Penguins ecosystem, experienced a sharp 15% decline following a $5.6 million token transfer by insiders to a centralized exchange. This move adds to a pattern of large-scale sales by project-associated wallets, fueling investor worries about potential ongoing sell pressure. Despite recent institutional interest and ecosystem growth, the market remains cautious as technical indicators reveal bearish momentum amid oversold conditions. PENGU's future price action depends on overcoming key resistance levels while navigating macroeconomic uncertainties.
Continue to read PENGU Token Dips 15% Amid Significant Insider Sell-Offs Raising Market Concerns
The PENGU token, native to the Pudgy Penguins ecosystem, experienced a sharp 15% decline following a $5.6 million token transfer by insiders to a centralized exchange. This move adds to a pattern of large-scale sales by project-associated wallets, fueling investor worries about potential ongoing sell pressure. Despite recent institutional interest and ecosystem growth, the market remains cautious as technical indicators reveal bearish momentum amid oversold conditions. PENGU's future price action depends on overcoming key resistance levels while navigating macroeconomic uncertainties.
Continue to read PENGU Token Dips 15% Amid Significant Insider Sell-Offs Raising Market Concerns
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