Something interesting has happened. After a 13% increase today, a large order disrupted the market rhythm—an address received 164 million PENGU from Wintermute and immediately sold all on-chain, exchanging for 2.166 million USDC at a price of $0.0132. What does such a dumping action usually mean? Large investors are reducing their positions, and a market sentiment shift could be imminent. The short-term trend of $PENGU is worth watching.
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.
11 Likes
Reward
11
6
Repost
Share
Comment
0/400
MEVSandwich
· 7h ago
A big whale dumps, and the rally is completely wiped out. This rhythm is truly unbeatable.
View OriginalReply0
ApeEscapeArtist
· 7h ago
A big player dumps the market and immediately wakes up; they dare to sell off after a 13% increase—this mindset is incredible.
View OriginalReply0
ImaginaryWhale
· 7h ago
Large investors dumping in one hand, the surge instantly disappeared. This rhythm is really intense.
Wintermute selling 164 million tokens? Feels like it's going to cool off.
By the way, does anyone want to buy at this price of 0.0132, or was it forcibly eaten up?
It only rose for a short while before running away. Should have known not to follow the trend.
Wait, is this the rhythm of breaking a new low...
View OriginalReply0
CryptoGoldmine
· 7h ago
164 million sell-off, that's a bit fierce. This pace is like the sudden increase before the mining difficulty adjustment. Stay alert.
View OriginalReply0
ClassicDumpster
· 7h ago
Hmm, it's the same old trick again—rise and then dump. Why can't I get tired of this routine?
View OriginalReply0
MevTears
· 7h ago
It's another big whale dumping; we need to be careful this time.
Something interesting has happened. After a 13% increase today, a large order disrupted the market rhythm—an address received 164 million PENGU from Wintermute and immediately sold all on-chain, exchanging for 2.166 million USDC at a price of $0.0132. What does such a dumping action usually mean? Large investors are reducing their positions, and a market sentiment shift could be imminent. The short-term trend of $PENGU is worth watching.