After 100 million PENGU were transferred from the token deployment address to CEX in the early morning, the price dropped by 7%

According to on-chain analyst Yu Jin's monitoring, after 100 million PENGU (1.08 million USD) was transferred from the Pudgy Penguins token deployment address to centralized exchanges, the price of PENGU dropped 7% from $0.01147 to $0.0106.

6 hours ago, the PENGU token deployment address transferred out 137 million PENGU (1.5 million USD), of which 100 million PENGU (1.08 million USD) was transferred to multiple exchanges including OKX.