PENGU Token Surges 4.08% Amid 1.5 Billion Transfer and $183M Volume on Binance

PENGUUSDT experienced notable volatility in the past 24 hours, with a price increase of 4.08% to $0.031831 on Binance. The primary drivers of this price movement include significant token transfers from the Pudgy Penguins deployer wallet, which moved approximately 1.5 billion PENGU tokens to centralized exchanges between July 11 and July 17, while retaining over 9.5 billion tokens. This activity, combined with heightened trading volume and technical signals such as a breakout above $0.032 and fluctuations around key support levels, contributed to increased market attention and trading activity. The token remains highly active, with a 24-hour trading volume of 183.17 million USDT on Binance and a circulating supply of approximately 62.86 billion tokens, reflecting its position as a leading meme coin with a market capitalization estimated between $1.86 billion and $1.99 billion.