Koreans are quietly accumulating the altcoin PENGU, a token related to the NFT project Pudgy Penguins. Data from LookOnChain shows that three wallets related to the Bithumb and Upbit exchanges have purchased 945 million PENGU tokens, worth about 32 million USD, in just one week. Currently, these three wallets hold a total of 2.92 billion PENGU tokens, worth about 96.73 million USD, accounting for 3.8% of the total circulating supply.
Some notable points about PENGU:
• Holding value: 96.73 million USD
• Total supply ratio: 3.8%
• Number of tokens held: 2.92 billion
Besides PENGU, large investors are also interested in several other altcoins such as:
• Lido Finance (LDO)
• Binance Coin (BNB)
• POPCAT
• Raydium (RAY)
• Grass (GRASS)
• Uniswap (UNI)
• Chainlink (LINK)
• Pepecoin (PEPE)
Meanwhile, large organizations in China and the US tend to withdraw capital. For example, the address "0x0277" suspected to be related to the Chinese investment fund Fenbushi Capital has withdrawn 4,000 ETH (equivalent to 12.93 million USD) from the Binance exchange.