PANews reported on December 17 that according to monitoring by on-chain analyst @ai_9684xtpa, wallets associated with the PENGU project (or early investors) are selling large amounts on the chain, and have sold $8.74 million worth of PENGU so far.

The address HoTdB...YL8YZ received 888 million tokens from the token deployment address yesterday (before claiming the airdrop), and sold 169 million tokens at $0.05164 in the past hour; it currently still holds 719 million tokens, worth $40.14 million.