๐ฃ๐๐ก๐๐จ ๐๐ฒ๐ฝ๐น๐ผ๐๐ฒ๐ฟ ๐ ๐ผ๐๐ฒ๐ $๐ฐ๐ฑ๐ โ ๐ฆ๐ต๐ผ๐๐น๐ฑ ๐ฌ๐ผ๐ ๐ช๐ผ๐ฟ๐ฟ๐ ๐ผ๐ฟ ๐ช๐ฎ๐ถ๐?
๐ What just happened?
Between July 11โ17, the deployer wallet behind PENGU sent about 1.58 billion PENGU tokens (โ $45.5M) to centralized exchanges.
Arkham Intelligence traced these transfers through several Squads Vault addresses.
The deployer still holds โ9.54 billion PENGU (โ $299M), which keeps traders cautious.
๐ Why it matters:
โ PENGU recently surged from under $0.005 to $0.034, then pulled back to $0.03118
โ Market cap crossed $2B; daily volume peaked over $1.75B
โ Bullish drivers:
Launch of Pudgy Penguins mobile game
SEC acknowledgment of a possible PENGU ETF
Growing community hype comparing PENGU to DOGE & SHIB
โ๏ธ What traders are debating:
โ Deployer could sell โ trigger dump
โ Or tokens might boost liquidity, listings, or partnerships
โ The leftover large deployer balance keeps pressure on price sentiment
๐ Technical & sentiment snapshot:
โ After an 8x rally since April, PENGU now retests around $0.03
โ Volume remains high = strong trader interest
โ Possible next move:
โก๏ธ Consolidate & push toward $0.034โ$0.04
โก๏ธ Or drop deeper if sell pressure spikes
๐ง Expert thoughts:
Honey: "Could just be consolidation before next move."
Muro: "Fundamentals stay strong; exchange support & active community matter."
๐ What could happen next:
โ If deployer sells โ short-term volatility & dips
โ If for liquidity or ecosystem โ uptrend may continue
โ Watch levels:
Support near $0.03
Resistance at $0.034โ$0.04
๐ Tip for traders:
Track deployer transfers to exchanges
Hold above $0.03 = bullish bias
Break below $0.03 on volume = likely correction
โ Summary:
The deployerโs big move sparks fear, but project growth and community support keep the bigger picture bullish โ next days are critical to watch.
