Suspected wallet associated with the PENGU project team has sold PENGU worth 8.74 million USD

According to Foresight News, on-chain analyst ai_9684xtpa detected that the wallet associated with the PENGU project team (or early investors) is making large on-chain sell-offs, having sold PENGU worth 8.74 million USD so far.

The address HoTdB...YL8YZ received 888 million tokens from the token deployment address yesterday (before the airdrop claim) and has sold 169 million tokens for 0.05164 USD each in the past hour; currently, it still holds 719 million tokens worth 40.14 million USD.