According to data from the on-chain data platform LookonChain, South Korea-based investors have shown great interest in Pengu tokens.
Three wallets associated with the Bithumb and Upbit exchange have accumulated 945 million pens (approximately $32 million) over the past week alone. The total pen balance across these three wallets reached 2.92 billion tokens (approximately $96.73 million), equivalent to 3.8% of the total circulation supply.
Meanwhile, the address of “0x0277”, which is believed to be linked to capital of China-based cryptocurrency investment giant Fenbushi, recently withdrawn 4,000 ETH (approximately $1,293 million) from the Binance Exchange.
On the facility’s sales side, Trend Research announced that it had sold 69,946 ETH (approximately $218.3 million) over the past 24 hours. Despite these sales, the company still holds 115,187 ETH (approximately $376.35 million).
In the crypto derivatives market, high-risk positions are attracting attention. A whale with the address “0x9626” that took a short position at Ethereum with 25x leverage is very close to liquidation. Investors have partially closed his position, but he still holds a short position worth $12,500 ETH (approximately $40.7 million).
*This is not investment advice.
