ChainCatcher Message, on-chain analyst @ai_9684xtpa discovered a new address CqwjT...EiCj8 that accumulated 520 million PENGU in just six hours, with a total value reaching 14.87 million USD. The average price when this address withdrew PENGU from Binance was 0.2996 USD, but it has now incurred a floating loss of approximately 710,000 USD.

This massive accumulation behavior has drawn widespread attention in the market, with investors speculating on the motives behind it. Nevertheless, the price fluctuations of PENGU also remind us that market risks are always present. Investors should remain cautious when making decisions and closely monitor changes in on-chain data to adjust their strategies in a timely manner.