🔥🔥🔥 Over 72% of PENGU holders sold all their tokens immediately after PENGU was launched

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TK Research found that over 72% of PENGU holders sold or transferred all their tokens immediately after the token was launched, with only 18% still holding all their tokens.

Currently, the number of PENGU has reached 18.7 billion, and since its launch, 1,000 tokens have been claimed, accounting for 81.4% of circulating tokens. The native token of the NFT series Pudgy Penguins was officially launched on December 17 and listed on major exchanges.

Analysis shows that 72.33% of holders have sold or transferred all PENGU, 3% of holders sold 90%, and less than 1% of holders sold or transferred 75%. However, nearly 18% of holders still choose to keep the tokens, but only 3% of holders purchased more PENGU.

In addition, an average of 19,300 PENGU tokens were allocated per holder's wallet. In the past 24 hours, the price of PENGU has dropped nearly 9%, and the current trading price is $0.03.

Despite accumulating a market capitalization of $1.9 billion just two days after the public offering, ranking 71st, the daily trading volume has exceeded the market cap, reaching $2.06 billion. One trader purchased $10,000 worth of tokens just hours after PENGU was launched, but due to the price drop, it is now only worth $3.

PENGU is the native token of the popular Ethereum-based NFT series Pudgy Penguin, announced for launch on December 6, with a maximum supply potentially exceeding 8 billion.

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