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PENGU Project Transfers $45M to Exchanges During Price Rally
12/03/2025, 03:06
AI SUMMARY
●PENGU project address moves $45M to CEXs over the last 5 days
●Transfers occur regularly despite a 143% weekly price rally
●Total transfers since July exceed $108 million across major exchanges
On-chain analysis has detected that the PENGU project's token deployment address has been transferring approximately $3 million worth of tokens to centralized exchanges every few days. Over the past five days alone, a total of 1.58 billion PENGU, valued at roughly $45.56 million, has been moved to platforms including Binance, OKX, and Coinbase.
Despite these significant transfers, the PENGU token price has rallied by approximately 143% over the past week. The total value transferred by the project since mid-July now exceeds $108 million.