I spent an entire month compiling PENGU token data from centralized exchanges and on-chain holdings, and automated the data update process.
Do you know why PENGU rose 80% this week?
I developed an exclusive PENGU dashboard with unparalleled real-time insights and transparent data at my fingertips.
1, Overall Growth in Buy and Sell Orders Across Major Exchanges
I analyzed historical order book data from Binance, OKX, and Gate. In the past 30 days, the net buy-sell price spread increased by 80%, with buy orders continuously rising.
Additionally, sell walls dropped by 18%, indicating reduced selling pressure.
2, Centralized Exchanges Continuing to Dominate Buy Orders
According to data from the three exchanges, over the past 30 days, the number of buy walls has been significantly higher than sell walls.
This indicates sustained buying momentum and demonstrates buyers' firm confidence.
3, Trading Volume Surges on June 28
Looking specifically at the data, the net buy amount on June 28 reached $24 million.
The massive surge in purchasing activity could be the catalyst for the current price rise.
4, CEX and DEX Wallet Holdings Situation
Centralized exchange holdings decreased by 24%, a significant change indicating users are moving assets to self-custody wallets, which is an on-chain bullish signal.
Meanwhile, decentralized exchange holdings saw a slight decrease, possibly due to position consolidation or fund transfers to cold wallets.
5, Individual and Whale Token Accumulation Patterns
Now introducing a key feature: you can accurately see who is accumulating PENGU.
The most eye-catching move? User traderpow just massively bought 94 million PENGU tokens, which is absolutely crazy bullish.
I put in a lot of effort to ensure data accuracy, making all content neat, clear, and easy to understand.
