PENGU Price Tumbles Amid Whale Sale and Market Fears

PENGU's price dropped by approximately 10.3% over the last 18 hours, largely due to a combination of factors including a whale sale on Binance and a weak crypto market.

A large whale wallet labeled 'CrDu' sold around $701k worth of PENGU tokens on Binance, which is roughly 0.15% of the circulating supply.

The sale's public nature, especially given that the tokens originated from a team-linked custody wallet four months prior, likely spooked holders and accelerated selling pressure.

The overall crypto market fell by about 4.5% in the last 24 hours, with the CMC Fear & Greed index in 'Extreme fear' territory, which further contributed to PENGU's decline.