Korean whales load up, But PENGU’s rally may stall without…

Key Points

1. Three Korean exchange-linked wallets accumulated 945M PENGU (3.8% of supply), but netflows remained negative with $6.35M outflows.

2. PENGU price dropped 5.88% in 24h to $0.03015, facing short-term selling pressure despite bullish ADX (49.8) and DMI (+DI 38.8, -DI 6.5).

3. PENGU rejected at $0.0358 resistance (Bollinger Band upper limit); failure to hold $0.033 may lead to retest of $0.027 support.

4. On-chain metrics show overheating (Spot Volume Bubble Map) and persistent Taker CVD selling, pressuring bulls.

5. Korean demand ($32M accumulation) contrasts with mixed broader signals; sustained rally requires reclaiming $0.033 resistance.