Suspected associated address of the PENGU project team has sold PENGU tokens worth 8.74 million USD

BlockBeats news, on December 17th, according to on-chain analyst ai_9684xtpa, the associated wallet of the PENGU project team (or early investors) is conducting large-scale 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 at 0.05164 USD in the past hour; currently, it still holds 719 million tokens, worth 40.14 million USD.