Pudgy Penguins Team Moves Millions in PENGU Tokens, Spark Investor Curiosity

The cryptocurrency community is closely watching as the Pudgy Penguins project’s team has made significant deposits of PENGU tokens worth over $100 million to various exchanges. Recent blockchain data reveals an address linked to the team transferred a staggering 3.88 billion PENGU tokens, totaling around $108 million, since July. This action sparked questions about the implications for the token’s future. While exchange deposits often signal potential selling activity, the Pudgy Penguins team is yet to officially comment on these transfers, leaving investors pondering their strategic intentions.