The Behind the PENGUIN Capital Divergence: Long-term Chip Realization vs. The Tug-of-War of Buying the Dip at High Levels

PENGUIN’s rapid surge has caused a stir on the Solana chain. On-chain data shows that in the past hour, a certain address has been continuously buying PENGUIN at high levels, accumulating a position worth $260,000, while at the same time, another long-term address holding $600,000 worth of PENGUIN is gradually taking profits in batches. This stark contrast reflects a clear divergence in market participants’ judgments about the future trend when PENGUIN hits new highs.

PENGUIN’s Rapid Rise

PENGUIN is a Meme coin on the Solana chain, launched for trading on January 24, 2026. In just a few days, the project has performed remarkably. According to the latest data, PENGUIN’s current price is $0.086495, with a 24-hour increase of 32.22%, and its market cap has surpassed $86 million. More specifically, in the past hour, the price has risen by 18.69%, indicating sustained high market enthusiasm.

This wave of upward movement is not without reason. After the White House’s official X account posted “Embrace the Penguins,” Solana co-founder Toly retweeted and engaged, followed by Marc Andreessen, co-founder of a16z, also participating in the tweet interaction. Coupled with the successive listing on major exchanges like Binance Alpha and Bybit, these series of events have provided strong contextual support for PENGUIN. Related information shows that from January 21 to now, multiple KOLs and traders have participated at different stages, with some early participants already seeing returns of several times or even dozens of times their initial investment.

Diverging Fund Flows Signal

It is noteworthy that the two addresses mentioned in the news exhibit completely different operational strategies:

Address two’s historical records are also interesting. It previously bought precisely near the bottom during the WHITEWHALE phase, demonstrating some “contrarian timing” ability. Now, during PENGUIN’s rally, it is taking profits in batches and still holds a position worth over $600,000.

In contrast, Address One continues to chase the rally at high levels after the price has already risen, accumulating $260,000 in the past hour. Such behavior is typical in phases of high market sentiment and FOMO.

Market Significance of Fund Divergence

This divergence reflects differing judgments among market participants regarding PENGUIN’s future trajectory. The realization of long-term holdings may indicate that some veteran participants believe the current price is near a cyclical high and are taking profits. Meanwhile, chasing at high levels shows new capital’s optimism about the project’s prospects or expectations of continued price increases.

Such tug-of-war is not uncommon in the Meme coin market. According to related information, some early traders involved in PENGUIN bought in when the market cap was around $100,000, and now they have achieved returns of 120 times. These gains continue to attract new funds into the market.

Risks to Watch Out For

However, it is crucial to emphasize that as a Meme coin, PENGUIN’s inherent characteristics entail high volatility and high risk. Related information clearly states that Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks intrinsic value or utility. Behind the 24-hour trading volume of $28 billion is highly concentrated liquidity and uncertain price discovery.

Furthermore, based on traders’ statistics, even profiting from a hot project like PENGUIN does not necessarily offset overall losses. Data shows that traders involved in over 1,000 tokens have a win rate of only 14.55%. Although they have realized a floating profit of $739,000 on PENGUIN, their overall position remains at a loss.

Summary

The current fund divergence in PENGUIN is an interesting market signal. The partial realization of long-term holdings suggests some participants see limited upside, while high-level chasing indicates ongoing influx of new capital. The outcome of this tug-of-war will largely determine PENGUIN’s next direction.

Nevertheless, investors must recognize the inherent risks of Meme coins and not be fooled by short-term gains. Fund divergence can either reflect a rational market trend or foreshadow increased risks. The key is to make prudent decisions based on one’s own risk tolerance.