Whale Activity Surges: 400 Million PENGU Tokens Deposited Worth $9.5 Million

COINOTAG reported on January 22 that significant movement has been observed in the cryptocurrency market, as data from Onchain Lens highlights a high-value transaction involving a major whale. This entity deposited 400.1 million PENGU tokens, currently valued at approximately $9.5 million, over the past 24 hours. This transaction follows a prior activity where the whale withdrew from Binance and acquired 581.96 million PENGU tokens for around $15.87 million. The whale has also divested 71.96 million PENGU tokens, amounting to about $1.93 million. Currently, the whale’s holdings stand at 110 million PENGU tokens across two wallets, equating to a market valuation of $2.62 million. These developments indicate the ongoing liquidity and trading strategies within the crypto market, showcasing how institutional investors manage their positions.