PANews reported on July 17 that according to Australian lion BroLeon on X (formerly Twitter), Pudgy Penguins official wallet has been frantically selling $Pengu tokens through multiple centralized exchanges (CEX) when market sentiment was high. On-chain data shows that in the past four days alone, the cumulative shipment volume has exceeded 40 million, and large amounts were transferred to major exchanges twice only 6 hours and 13 hours ago. Currently, his wallet still holds more than $1.1 billion worth of $Pengu.

According to Ember, in the past five days, 1.586 billion $PENGU worth about $45.56 million was transferred from its token creation address to mainstream exchanges such as Binance, OKX, Coinbase, Bybit, KuCoin, Bitget, Gate, etc. $PENGU has risen as much as 143% in the past week, with the price rising from $0.0144 to $0.0351.