The PENGU cryptocurrency has recently seen notable volatility in the market. After an impressive 870% surge that took its price to a high of $0.05, PENGU suffered a significant correction, falling 54% in the past 24 hours.

This move has raised concerns among investors, especially due to the massive sale of tokens by large holders. One wallet in particular sold 169 million tokens at $0.05164 each, still holding a substantial amount of PENGU, which could influence future price stability.

Despite this volatility, PENGU has achieved significant milestones, including its launch on the Solana blockchain and listing on major exchanges such as Binance, OKX, and Bybit. Additionally, initiatives such as the Pudgy Penguins NFT holder airdrop and integration with physical items have added value to the ecosystem.

Currently, PENGU is trading around $0.0356, with a slight decrease of 11.25% over the past 24 hours. The intraday price has fluctuated between a high of $0.0405 and a low of $0.0352.

Investors should keep an eye on the movements of large holders and the dynamics of the broader market, as these sales can significantly affect the short-term performance of PENGU.