1B PENGU bought in 5 days – Can this push price past $0.046?
Main Idea
PENGU memecoin shows strong whale accumulation and high trading volume despite a modest price increase, with potential for growth depending on broader market sentiment.
Key Points
1. PENGU's whale holdings reached a 3-month high of 14 billion tokens, with nearly 1 billion tokens accumulated as the price dipped from $0.04 to $0.03.
2. PENGU ranked second among Solana's top 16 whale inflows with $11.87 million, trailing behind BONK's $18 million.
3. PENGU's daily average views on X were 908 million and rising, with total holders reaching 567,991 as of August 5th.
4. PENGU traded at $0.03548, up 3.18%, with resistance near $0.046 and support at $0.034.
5. PENGU's price movement may depend on broader market sentiment, which has recently turned cautious.
Description
PENGU's fundamentals were doing great but its price action lagged.
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