Over five days from July 11-17, 2025, the PENGU token deployer address transferred 1.586 billion tokens (worth $45.56 million) to Binance and Bybit, as tracked by on-chain analysts @EmberCN and Arkham Intelligence. This occurred alongside a 143% price surge that propelled PENGU from $0.0144 to $0.0351, achieving a $2+ billion market cap with $1.75 billion daily volume.
The transfers routed through Squads Vault addresses while the deployer retains 9.54 billion PENGU ($299 million), intensifying speculation. Market reactions split between fears of imminent selling pressure and theories of liquidity provisioning for market makers or upcoming partnerships. Analysts noted PENGU's eightfold recovery since April, fueled by Pudgy Penguins' mobile game launch and potential ETF filings.
Crypto trader Honey suggested consolidation before a $0.04 target, while analyst Muro emphasized 'unchanged fundamentals' despite the transfers, citing the project's exchange support and community growth. Investors monitor exchange volumes for signals of absorption or sell-offs.