CandleFocus

Over 72% of PENGU holders dump all tokens immediately after launch

Author: Content Editor
TK Research has found that over 72% of PENGU holders have sold or moved all their tokens immediately after its launch, leaving only 18% still holding onto their tokens. Since its launch, nearly 18.7 billion PENGU tokens have been claimed, representing 81.4% of its circulating supply. Furthermore, the analysis revealed that the average holder wallet contains 19,300 PENGU tokens. PENGU has experienced a 9% drop in the past 24 hours and currently trades at $0.03 with a market cap of $1.9 billion. Despite the drop, PENGU's daily trading volume has surpassed its market cap. The native token of the NFT collection Pudgy Penguins was listed on major exchanges such as Binance and OKX. Unfortunately, a trader who bought $10,000 worth of PENGU tokens shortly after the launch saw their value drop to only $3.

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