PENGU Token Outflows Reach $108 Million as 3.881 Billion PENGU Moved to Exchanges Since July

On-chain analysis by Yu Jin highlights that the PENGU token project team’s token deployment address has been routing out funds to multiple CEXs in recurring transfers, valued at roughly $3 million in PENGU across updates every few days. The latest transfer occurred earlier today, underscoring continued offloading activity.

From mid-July through today, a total of 3.8811 billion PENGU tokens (about $108 million) have been moved, a period that coincides with a price decline from around $0.04 to approximately $0.01. Market watchers emphasize that while the size of outflows may influence liquidity dynamics, the data does not prove causation and should be interpreted within the broader crypto market context.