Pudgy Penguins Deployer Dumps 1.5 Billion Tokens — Is a Massive PENGU Crash Just Around the Corner?

Updated

July 18, 2025

Gambar Pudgy Penguins Deployer Dumps 1.5 Billion Tokens — Is a Massive PENGU Crash Just Around the Corner?

Jakarta, Pintu News – Arkham revealed that the wallet deployer behind Pudgy Penguins has transferred as many as 1.5 billion tokens, worth approximately $45.56 million, to several major centralized exchanges.

This large-scale movement has sparked debate about the possibility of a price dump in the near future.

PENGU Deployer Movement Shocks the Market: Signs of Sell-Off?

Data from blockchain analytics firm Arkham Intelligence shows that Pudgy Penguins deployers recently transferred a total of 1.586 billion PENGU tokens to various centralized exchanges. This move has sparked speculation of a sell-off, although market sentiment is still bullish.

The transfer was made through several Squads Vault addresses between July 11 and today. Even so, deployers still hold around 9.541 billion PENGUs (with a value of almost $299 million).

Crypto watchers immediately responded on social media. Some traders suggested it was time to “tp or believe,” hinting at a choice between taking profits or staying loyal, while others pointedly warned of a potential dump.

The timing is quite crucial, as the technical indicators are showing mixed signals. PENGU is in deep oversold territory, but still faces bearish momentum on the price chart.

This comes after several weeks of bullish fervor for the token. Pudgy Penguins previously announced the launch of their franchise’s mobile game, signaling a major development in the ecosystem.

Recent price action is the backdrop to this event. PENGU briefly rocketed beyond $0.034 before consolidating around $0.03. Its market cap also surged past $2 billion in 24 hours (17/7), with trading volume reaching over $1.75 billion.

PENGU ETFs Drive Bullish Sentiment

Moreover, the SEC’s acknowledgment of Canary’s filing for a possible PENGU ETF also further boosted the bullish sentiment towards the token. Now, investors are worried that the positive trend could be jeopardized after the deployer made a large transfer to the exchange.

After the market downturn in April, PENGU managed to bounce back strongly, rising eightfold from its low point.

Currently, PENGU stands on par with popular coins such as Dogecoin , Shiba Inu , and Pepe . Its backers confidently predict that PENGU could one day surpass Shiba Inu in terms of market value.

What’s Next for PENGU? Experts Speak Up

Despite the various movements taking place around PENGU, many analysts still maintain a bullish view.

Popular crypto trader Honey noted that after its price doubled in one week, PENGU might go through a consolidation phase before trying to break the $0.04 mid-level.

PENGU

as expected we did 2x in a week after we broke out of the cup and handle, so i wouldn't be surprised if we consolidate here before another move up to mid 0.04cs

chart looks good + sentiment looks bullish = there's literally no stopping PENGU

respect the pump 🐧 pic.twitter.com/dS96u1tkKg
— Honey (@honey_xbt) July 16, 2025

Meanwhile, Muro-a cryptocurrency enthusiast-highlightedthat PENGU’s core principles, such as the rapid growth of the ecosystem and support from major exchanges, already surpass many of the old generation meme coins. This hints that even if deployers recently transfer tokens, PENGU’s strong foundation will probably make such actions irrelevant in the long run.

However, large transfers from deployers still add an element of caution. If such large amounts are sold, short-term volatility could spike sharply.

But if the tokens are used for liquidity, partnerships, or other strategic moves, PENGU’s long-term prospects could be preserved.

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