The Pongu price plunges 15% while fatty -penguin initiates are counted for an additional $ 5.6 million

The price of the pingou, the native token of the grassing penguins ecosystem, dropped 15% today after another major transfer to a centralized exchange from a portfolio linked to the initiates of the project.

The data on the chain show that the address 8HQVQ… Zund8, widely considered to be controlled by the members of the Grassouilles Penguins team, deposited 150 million PENGUE tokens in Binance, valued at around 5.64 million dollars at the time of the transaction.

This is the last of a series of substantial transfers from the same address, which initially received 1.35 billion pingou chips from the project deployment portfolio in December 2024. Since the beginning of July, the portfolio linked to the initiate has transferred a total of 485 million tokens of Pingou to exchanges, of an estimated value of $ 17.67 million, 0.03642.

The fears of tokens discharges increases while the portfolio of fatty penguins unloads millions in Pingou

The concerns concerning the dumping of initiate have been going up for weeks. The blockchain analysis platform, Arkham Intelligence, recently reported that the deployment portfolio Pinguer had sent 1.586 billion tokens (worth 45.56 million dollars) to major centralized exchanges, transported via several sketch’s safe addresses between July 11 and 29.

While grouped penguins have not yet officially commented on the intention behind these transfers, the deployer portfolio still contains 9.541 billion pingou, with a current evaluation of nearly $ 299 million. The remaining token volume has fueled the concerns of communities concerning the continuation of the sales pressure.

The moment of these movements is particularly sensitive, with technical indicators indicating mixed signs. Pengu now exchanges a deep territory, but the indicators of Momentum remain down, creating a very uncertain perspective for short -term holders.

Market analysts claim that such large and unannounced token transfers often indicate planned liquidations. They noted that when the project portfolios unload the tokens in silence, this creates an uncertainty, especially for retail traders.

The Pengu’s price was struggling to remain stable. The token dropped 14.7% in the last seven days, with a decrease of 5% in the last 24 hours only, lowering the price to about $ 0.03,55.

The last drop follows what had been a strong month for the Pingou. At the end of June, the token experienced a massive increase of more than 230%, largely by an increase in interest and beating in the currency space. But the team movements on the team continue to question the sustainability of this gathering.

The price of Pengu opened its doors at $ 0.0,4264 before slipping throughout the day. Attempts to recover the resistance between $ 0.0399 and $ 0.0402 failed, showing high sales pressure.

While the questions develop on the tokens supply and the intention of the project, the feeling of investors seems to change. Continuous tokens transfers and rapid prices correction have made up one of the most closely watched pieces of memes before August.

Fat penguins expands the ecosystem while $ the token pengs is gaining ground

The fatty penguins, built on Solana and taking advantage of the abstract tools of the blockchain, continues to extend its digital footprint through games, partnerships and token developments.

The $ Pengu, with a total supply of 88.8 billion, is used for governance, stake, the characteristics at stake and community awards. Most tokens were distributed via Airdrop to the first holders and partners.

Since July, whale portfolios have added about $ 200 million in $, indicating growing institutional interests. The enthusiasm of the market has also been fueled by speculation on a potential “ETF Pengu”, which, according to some, drew the attention of the dry.

The token, now listed on more than 130 exchanges, has reached more than 500 million users worldwide. To support decentralization, the team works with several childcare providers.

In June, its market capitalization briefly exceeded $ 2 billion, daily negotiation volumes exceeding $ 1 billion on several occasions.

The fatty penguins have also announced major brand movements, including NASCAR sponsorship, a partnership with the Miles & More Loyalty program in Lufthansa and the attendance of San Diego Comic-Con.

Meanwhile, his clash Pengu Game Web3 was launched on Telegram via the Ton network. The expansion in Asia is underway, with Supplay Inc. preparing goods on the theme of fat for the region.

The pingou of grouped penguins The penguins sees the slow impetus after the rally as levels of support of keys for the merchants of the traders

Pengu has exceeded Dogecoin in the volume of negotiations on the best exchange of southern Korea Crypto, Upbit, reflecting growing retail interests in the middle of an increase in Altcoin activity.

After peaking almost $ 0.050, Pengu has entered a correction and is now negotiated about $ 0.036.

Crypto Trader Paulxbt noted a withdrawal of 20% of the resistance, aligning with a request zone nearly $ 0.032. He described the structure as “still bullish”, because the retrace respects the extension of 2.0 fibonacci, a level commonly looked at for potential rebounds.

According to Paulxbt, resistance to elimination between 0.037 and $ 0.040 could open the door to an escape around $ 0.060. However, a drop below $ 0.028 would weaken the increased configuration.

Trader Moonwizy added that the 4 -hour relative force index (RSI) is close to the territory of occurrence, currently at 33, with an increased divergence forming.

“The last time the RSI was this low, the Pingou was $ 0.007. The next movement could be violent,” he said.

The MacD indicator remains in lowering territory but begins to flatten itself, suggesting a potential crossing. Meanwhile, the volume of exchanges decreased after the net gains in June, indicating a market break.

Support is observed between $ 0.033 and $ 0.035, with deeper support almost $ 0.028. The levels of resistance to monitor are $ 0.040 and $ 0.050.

While macro uncertainty is looming before the FOMC meeting on June 30, short -term indicators refer to a potential rebound in Pingou. However, traders are waiting for confirmation by the renewed volume and the RSI force.

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