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PENGU Team Transfers 171.6M PENGU ($6M) to Binance and Bybit

According to Ember monitoring, the PENGU deployer moved 171.6 million tokens (~$6 million) to Binance and Bybit in the past day, while cumulative transfers to centralized exchanges since July 12 reached 2.6 billion PENGU (~$72.86 million).

PENGU

Summary

Ember monitoring reports that the PENGU token deployer address moved 171.6 million PENGU (about $6 million) to Binance and Bybit over the past day. Transfers were split at roughly $3 million per transaction across multiple centralized exchanges. Since July 12, cumulative outflows to CEXs from the project totaled 2.6 billion PENGU (about $72.86 million).

Terms & Concepts
  • Token deployer address: The blockchain address that created the token’s smart contract and often controls initial allocations or distributions.
  • CEX (Centralized Exchange): A custodial cryptocurrency trading platform operated by a company, where trades occur on centralized order books (e.g., Binance).
  • Binance: A major centralized cryptocurrency exchange and a destination for the reported PENGU transfers.