PENGU Token Slides 4.71% Amid Creator Wallet Transfers and High Volatility on Binance

PENGUUSDT has experienced increased volatility over the past 24 hours, with the price declining by 4.71% to $0.028395 on Binance. The recent price movements follow a period of strong bullish sentiment driven by the 'BinanceTurns8' campaign, increased liquidity, and significant transfers of 265 million PENGU by the creator wallet to two new wallets. Earlier rallies were supported by positive market sentiment, community hype, and broader market gains, including Bitcoin reaching a new all-time high. However, after reaching recent highs, the token has seen a pullback as traders react to rapid gains and adjust positions.

Currently, PENGUUSDT is trading at $0.028395 on Binance with substantial trading volume, and the market capitalization is estimated at $1.44 billion. The asset remains actively traded across major exchanges, reflecting ongoing interest and market activity.