A whale has withdrawn 272,201,182 PENGU worth $2.52 million from Binance , according to Onchain Lens.
This large-scale cryptocurrency withdrawal transaction occurred amidst continuous accumulation of PENGU by whale wallets over the past two weeks, indicating a trend of accumulating rather than holding on exchanges.
- Whales withdrew 272,201,182 PENGU ($2.52 million) from Binance.
- Over the past two weeks, 273.08 million PENGU (2.55 million USD) have been accumulated.
- At the same time, he holds 405.84 TRUMPP shares ($2,240).
Whales withdraw PENGU from Binance.
Onchain Lens recorded a whale withdrawing 272,201,182 PENGU worth $2.52 million from Binance.
The move to withdraw cryptocurrency from an exchange is often closely watched because it can reflect an intention to hold it long-term or prepare to allocate it to another wallet, rather than leaving the asset on a centralized trading platform.
According to the data presented, the net withdrawal volume is nearly equivalent to the accumulated amount over the past two weeks, indicating that the accumulation of PENGU is stable and this withdrawal is part of a holding strategy.
2-week accumulation history and related assets
Over the past two weeks, this whale has accumulated 273.08 million pengu, worth $2.55 million, and 405.84 trumpp, worth $2,240.
Compared to the withdrawal of 272,201,182 PENGU (US$2.52 million), the cumulative figures for the past two weeks (273.08 million PENGU; US$2.55 million) show an insignificant difference, reinforcing the view that wallets are gradually shifting their purchases away from the exchange.
In addition to PENGU, TRUMPP's position was recorded at 405.84 TRUMPP ($2,240), indicating that the watchlist is not focused on just one cryptocurrency.
