The PENGU project team transferred approximately $3 million worth of PENGU tokens to CEX in the early hours of the morning.

PANews reported on December 3rd that, according to Ember Monitoring, the PENGU project's deployment address has been continuously transferring tokens to multiple centralized exchanges since mid-July, with a cumulative transfer of 3.8811 billion PENGU, equivalent to approximately $108 million. The size of each transaction has remained relatively stable at around $3 million, with the most recent transaction occurring early this morning. This period coincides with PENGU's drop from a high of $0.04 to the current $0.01, raising market concerns about continued selling pressure from the project team.