⭐⭐Airdrop Recipients Are Selling: Altcoin Price Dropped by More Than 50 Percent Since Day One!⭐⭐
The Pudgy Penguins NFT project has been subject to major selling pressure with the PENGU token it released via airdrop distribution.
It has been reported that a significant amount of sales have been made from wallets belonging to the Pudgy Penguins (PENGU) project. According to data provided by @ai_9684xtpa, a total of 176 million PENGU tokens have been sold to date, which accounts for approximately 20% of the total balance. The income from these sales was recorded as approximately $9.3 million.
The total value of the remaining PENGU tokens is calculated as $37.71 million.
On the other hand, before the airdrop that took place yesterday, an address starting with "HoTdB" received 888 million tokens from the token distribution address.
This large transaction created uncertainty about how the future value of PENGU tokens will be shaped, and started a careful monitoring process among investors related to the project.
PENGU, which has experienced a 60% decrease in the last 24 hours, is trading at $0.0312 at the time of writing.
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