PENGU Surges to $0.035 as Korean Whales Accumulate — Pullback Ahead?

Key Points

1. PENGU's price doubled from $0.014 to $0.035 in a week, a 143% gain, driven by broader market momentum and memecoin traits.

2. Three wallets from Korean exchanges Bithumb and Upbit accumulated 945 million PENGU (worth ~$32M), now holding 2.92 billion PENGU (~$96.73M).

3. The token faces a potential correction, with a 3.4% intraday drop to $0.0312 and RSI indicating overbought conditions at 83%.

4. Key support levels to watch are $0.0273 and $0.025 if a pullback occurs.

5. Investors are advised to conduct their own research and consult financial experts before making decisions.