【Crypto World】Interesting developments. $PENGU rose 13% today, and as a result, an address received 164 million tokens from Wintermute within the last hour. This transaction volume is significant—immediately afterward, all tokens were transferred out on-chain at a price of $0.0132 each, exchanging for 2.166 million USDC.
It appears to be a coordinated profit-taking move by an institution at a high point. Such large token movements usually indicate that major players are adjusting their positions, especially after a price rally. For traders who track on-chain activity, this kind of whale behavior data is worth paying attention to—it often reflects short-term market sentiment shifts.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
3
Repost
Share
Comment
0/400
OnchainHolmes
· 01-14 02:05
Oh my, this move is incredible—buying the dip and selling immediately, cashing out over 2 million in an hour?
Wintermute, are they just boosting others?
View OriginalReply0
ApyWhisperer
· 01-14 01:55
Institutions are so quick, they run as soon as the rally starts—typical of the leek-cutting tactics.
1.64 billion PENGU on-chain liquidity: large holders cash out 2.16 million USDC after the rally
【Crypto World】Interesting developments. $PENGU rose 13% today, and as a result, an address received 164 million tokens from Wintermute within the last hour. This transaction volume is significant—immediately afterward, all tokens were transferred out on-chain at a price of $0.0132 each, exchanging for 2.166 million USDC.
It appears to be a coordinated profit-taking move by an institution at a high point. Such large token movements usually indicate that major players are adjusting their positions, especially after a price rally. For traders who track on-chain activity, this kind of whale behavior data is worth paying attention to—it often reflects short-term market sentiment shifts.