Puddy Penguins’ $6 Million Deposit Raises Market Concern

A recent substantial move involving the prominent NFT project, Pudgy Penguins, has sparked intrigue within the crypto world. 170 million PENGU tokens, valued at approximately $6 million, were deposited into major exchanges like Binance and Bybit over the last 24 hours, as reported by AmberCN. This significant action has raised eyebrows among investors and analysts alike. The large move from the project’s deployer has led to speculation about potential market shifts.