Pengu Price: A Bearish Outlook Amidst Whale Exodus

Despite a recent 113% surge over the past three months, Pengu (PENGU) faces mounting downside risks based on on-chain and technical signals. Data shows that exchange holdings for PENGU increased by 5.74% this week to 16.07 billion tokens, indicating rising sell pressure. Meanwhile, whale balances slipped by 0.43%, and smart money wallets reduced their exposure by nearly 13%, leaving them with just 136.51 million tokens. Even public figure-linked wallets joined the sell-off, contributing to a decline of 4.1%. While the top 100 addresses increased holdings, analysts suggest this is more likely internal redistribution than fresh accumulation.