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Over 1.45 Billion PENGU Transferred in Large On-Chain Movement
According to ChainCatcher News, data from Arkham indicates that between 05:04 and 05:06, two large on-chain transfers involving Pudgy Penguins (PENGU) took place.
In total, approximately 1,450,186,095.5 PENGU were moved from a Pudgy Penguins–related address, with a combined value of around $13.23 million at the time of the transactions. The short time window and size of the transfers have drawn attention from market participants monitoring large token movements.
Such sizable on-chain activity often sparks speculation about internal treasury management, liquidity adjustments, or strategic reallocations rather than immediate market selling. Without further context on the destination or purpose, the transfers remain neutral from a market-impact perspective.
As interest in the Pudgy Penguins ecosystem continues to grow, large-scale token movements are being closely watched for signals related to ecosystem development, liquidity planning, or longer-term strategic positioning.#FedKeepsRatesUnchanged #MiddleEastTensionsEscalate