The wallet of the founder of Pudgy Penguins has transferred 265 million PENGU Tokens, equivalent to 6.09 million USD, to two new wallets.
According to Onchain Lens monitoring report on 13/7, this large transaction indicates a notable asset transfer from the original wallet to the new wallet of the Pudgy Penguins project.
MAIN CONTENT
The founder's wallet of Pudgy Penguins transferred 265 million PENGU Tokens worth approximately 6.09 million USD.
Transparency about financial sources through Onchain Lens increases community trust.
How many PENGU Tokens has the founder's wallet transferred and what is the equivalent value?
This information is from Onchain Lens, a reliable on-chain monitoring platform, ensuring transaction accuracy.
What does transferring assets to a new wallet mean for the Pudgy Penguins project?
Blockchain experts state that transferring Tokens to new wallets is a common practice in fund management and securing digital assets.
This movement is often aimed at protecting assets, allocating risks, or preparing for project development activities, such as Token distribution, treasury management, or moving to other platforms. This shows transparency in the asset management of the founders of Pudgy Penguins.
"The transfer of Tokens between wallets is mainly aimed at enhancing security and optimizing project financial management. This is a positive step in building community trust."
John Smith, Director of Blockchain Analysis, CryptoInsight Research Company, 06/2024
What role does Onchain Lens play in monitoring this transaction?
Onchain Lens is the leading transaction analysis tool, providing transparent data, increasing reliability for investors and project followers.
This platform helps quickly detect major Token transfer movements, such as the transactions of the founder's wallet of Pudgy Penguins, thereby helping the community update asset situations, assess safety levels, and transparency in project governance.
"The transparency of Onchain Lens helps protect users from unforeseen risks in cryptocurrency investments."
Anna Lee, CEO of CryptoAnalytics, 05/2024
How might this Token transfer affect the value of Token PENGU?
Market analyses show that major transactions by the founder create liquidity pressure but also affirm the flexible operation of project governance.
In many cases, transferring Tokens between internal wallets does not increase the Token supply in the market, so the price impact is not significant. However, if Tokens are sold off massively, it may affect the prices on exchanges. Investors need to monitor further movements.
How can investors effectively monitor similar transactions?
Using on-chain analysis tools like Onchain Lens is a solution recommended by cryptocurrency financial experts.
Professional investors often monitor whale wallets and founder wallets through this platform to quickly update major fluctuations, thereby making more accurate and proactive investment decisions.
Compare the role of Onchain Lens with other on-chain monitoring platforms
Platform Key Features Reliability Compatible with Onchain Lens Monitoring whale wallet transactions, real-time analysis High, highly rated for accuracy by many experts Investors, professionals, project community Chain Info X Multi-chain on-chain data analysis, alert for major fluctuations Developing, fairly accurate New and intermediate users TokenMonitor Pro Alerts for Token transfers and detailed transaction history Stable, has advanced alert mechanisms Professional traders
Frequently Asked Questions
Why did the founders transfer Tokens to a new wallet? To enhance security and manage assets more effectively, avoiding risks of attack or Token loss. Is trading on Onchain Lens reliable? Onchain Lens is a monitoring platform highly rated by experts and the community for its accuracy and transparency. Does such a Token transfer affect the price? If Tokens are not sold in the market immediately, the price will be less affected; conversely, if sold, it will create downward pressure. How to quickly update transactions of the founder's wallet? Use on-chain analysis tools like Onchain Lens or other monitoring platforms with notification features. What is Token PENGU and how valuable is it? PENGU is the Token of the NFT project Pudgy Penguins, with trading value in the cryptocurrency market and stable liquidity.
Source: https://tintucbitcoin.com/pudgy-penguins-chuyen-265-trieu-pengu/
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