PENGU Token Surges 4.21% Amid $1.5B Transfer and High Trading Volume on Binance

PENGUUSDT experienced a 4.21% price increase over the last 24 hours, rising from 0.029780 to 0.031034 USDT on Binance. This upward movement follows a period of heightened volatility and significant trading activity, with recent large transfers of 1.5 billion PENGU tokens from the deployer wallet to exchanges contributing to increased market attention and short-term selling pressure earlier in the week. Despite a brief dip below key support levels and bearish sentiment highlighted by capital outflows, the token has rebounded amid strong trading volumes and continued interest in the broader meme coin sector.

Currently, PENGUUSDT is trading at 0.031034 USDT on Binance, with a 24-hour trading volume of 183.17 million USDT and a market capitalization estimated near $1.9 billion, reflecting ongoing volatility and active participation in the Pudgy Penguins ecosystem.