Pudgy Penguins deployer moves 100M PENGU to exchanges, price falls

The Pudgy Penguins token deployment address transferred 100 million PENGU to multiple exchanges, including OKX, about six hours ago, according to EmberCN. This was part of a larger outflow of 137 million PENGU, worth approximately $1.5 million. Following the move, the price of PENGU fell from $0.01147 to $0.0106.