The PENGU token is experiencing a recovery after reaching a crucial support level at $0.01. On-chain data from Nansen reveals that whale investors are purchasing 2.9 times more than their average, while new wallets have invested $1 million into the token. Top traders are retaining over 85% of their PENGU holdings, contributing to a 24-hour trading volume surge to $174 million. The token has climbed 13.3% over the past three days, reversing a previous seven-day decline.