Overview

• PENGU trades near $0.030 after a 6% daily drop, holding a tight range defined by $0.029 support and roughly $0.0432 resistance.
• Nansen reports about $38.9 million in smart‑money inflows even as earlier readings showed nearly $25 million in exchange outflows and distribution, advising caution until outflows fall below $10 million daily.
• Fresh spot data show $4.1 million moving off exchanges and open interest down 8% to $282 million, signaling lighter leverage and a potential setup for stabilization.
• On‑chain metrics underscore supply contraction and network growth, with more than 868,000 holders and over $357 million of tokens burned, reducing supply by about 13.7%.
• Traders are watching for a rebound toward $0.034–$0.043 on a clean bounce or a breakdown below $0.029 that would likely extend consolidation.