$PENGU Whale Offloads $1M After $37M Profit – Market on Edge

A major PENGU whale just realized $37M in profit and followed it up with a fresh $1M transfer to Binance. This move isn’t minor—it comes as Binance trading volume spikes and Bybit open interest surges past $1.59B on PENGUUSDT.

The setup is clear: whales are securing gains while traders are flooding into futures. That mix often signals turbulence ahead—whether sharp downside or an aggressive rebound depends on how the crowd reacts.

Right now, $PENGU sits at a crossroads: smart money is exiting, but leverage money is entering. The next move could define the short-term trend.