PENGU experienced a 17% price increase at the start of the week, driven by a 6.3x surge in capital inflows and an 8.78% reduction in exchange supply. On-chain data from Nansen AI indicated significant accumulation by top holders, with whales increasing their holdings by 3.2%. Additionally, Open Interest climbed to $160 million, while 24-hour trading volume surpassed $1 billion, highlighting a resurgence in bullish sentiment.
PENGU Jumps 17% as Inflows Surge and Exchange Supply Declines
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