it's peanuts according to your number this will flush like nothing on air

Beware and be cautious if you still hold this coin!

In the last week (as of July 16, 2025), three wallets associated with major South Korean crypto exchanges, Bithumb and Upbit, have accumulated around 945 million tokens $PENGU worth US$32 million, bringing their total holdings to 2.92 billion PENGU or 3.8% of the total supply.

This large accumulation has triggered a surge in trading volume against KRW by up to 380%, and the token price skyrocketed by +27% in one day. The accumulation strategy without selling is believed to be a bullish signal from Korean whales.

However, analysts warn of the risks of high ownership concentration, which could trigger extreme volatility, especially if token holders start a massive sell-off. Several technical indicators even show the potential for a temporary correction towards support in the range of US$0.027–0.025.

Overall, the hype of large accumulation and the surge in local volume reaffirms Korea's role as a catalyst for meme coins, including PENGU, although investors are advised to maintain strict risk management.