Tag: ADX

A sudden withdrawal of $70 million in market liquidity triggered a 9% price drop in Pudgy Penguins (PENGU) within 24 hours

By Ethan Key Points:. Despite the decline, PENGU maintained a positive OI-weighted funding rate, indicating persistent bullish positioning. Open Interest fell to $332.66 million, reflecting reduced participation from both long and short traders. Long liquidations dominated recent activity, yet on-chain data reveals strong buying pressure over the past three days. Over $14.5 million in PENGU […]

Pudgy Penguins (PENGU) dropped from $0.45 to $0.42 after a massive insider transfer of tokens worth $66.6 million over two weeks

By ItalianCannon Key Points: Pudgy Penguins (PENGU) dropped from $0.45 to $0.42 after a massive insider transfer of tokens worth $66.6 million over two weeks. A single deployer wallet moved 206.9 million tokens—nearly $9 million worth—in just one day, signaling aggressive profit-taking. Despite this selling pressure, Korean exchange Upbit recorded a surge in trading volume, […]