Overview

• PENGU trades around $0.034 with a market capitalization near $2.3 billion and daily volume above $800 million.
• On-chain data show a wallet linked to the deployer has moved over $17 million in PENGU tokens to exchanges since early July, heightening sell pressure.
• The token has fallen 8% in 24 hours and is consolidating toward the $0.029–$0.030 support zone after breaching its $0.036 floor.
• Analysts are watching for a reclaim of $0.038 to confirm a rebound or a break below $0.029 to signal a deeper correction toward $0.025.
• Holder count has climbed to 563,000 and daily active addresses reach 20,000 even as the price tests critical support.