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_Wendy
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$BTC
A newly created wallet withdrew 400 $BTC, worth $47.49M, from
#Binance
Address: bc1qp3vufxea...r2x04
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_Wendy
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The trading volume of $PENGU on Upbit has indeed surged, overtaking $DOGE’s volume on the exchange, reflecting intense interest from South Korean traders. On July 14, 2025, $PENGU hit the #4 spot on Upbit with $222 million in 24-hour retail trading volume, just below Bitcoin This aligns with broader Korean market dynamics, where Upbit’s top trading pairs, like XRP/KRW and PENGU/KRW, often see massive activity due to the country’s appetite for altcoins and meme coins. Recent data from July 17, 2025, shows three wallets linked to Upbit and Bithumb accumulating 945 million $PENGU ($32 million) in a week, holding 2.92 billion $PENGU ($96.73 million)—3.8% of the token’s supply—signaling strong buying pressure from Korean investors. However, $PENGU’s market cap, around $2.08 billion as of July 26, 2025, remains a fraction of $DOGE’s $27.14 billion, roughly 1/13th, despite the volume spike. $PENGU’s price has climbed to $0.036955, up 151% in July, driven by whale accumulation, viral marketing, and Pudgy Penguins’ NFT buzz, including a 26% floor price jump to 11.8 ETH. $DOGE, with its infinite supply and established brand, holds a $45.8 billion market cap peak, making it a tougher target for $PENGU to flip, as noted by Altcoin Buzz. The Korean accumulation, especially via Upbit’s high-volume KRW pairs, suggests $PENGU could see further upside, with analysts like Ali Martinez predicting a potential climb to $0.24 if it mirrors $PEPE’s rally. But risks loom—$PENGU’s RSI is nearing overbought levels, and whale sell-offs, like a recent 73.6 million token dump causing an 8% dip, could trigger corrections. $DOGE’s entrenched position and broader adoption make overtaking it a steep challenge. What’s your take—can Korean buying power push $PENGU closer to $DOGE’s market cap, or will volatility and whale exits keep it grounded? #wendy
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