PENGU Token Deployment Address Deposits 100 Million PENGU to CEX, Coin Price Drops by 7%

BlockBeats News, May 7th, according to EmberCN monitoring, when 100 million PENGU tokens (worth about $1.08 million) were transferred from the Pudgy Penguins' token deployment address to a CEX, PENGU dropped by 7% ($0.01147 → $0.0106).

6 hours ago, 137 million PENGU tokens (worth $1.5 million) were transferred out from PENGU's token deployment address, and then 100 million PENGU tokens (worth $1.08 million) were transferred to OKX and other exchanges.