PENGU has recently climbed back above the $0.01 mark. On-chain data shows that an address that has entered the top 100 of PENGU holders has been continuously increasing its holdings recently. Coupled with the fact that net outflows from exchanges remain negative, market attention is turning up to the short-term recovery strength of this token.
A whale bought 52.93 million coins.
According to Nansen's disclosure, this address made purchases in batches through OKX DEX, Meteora, and Wintermute, accumulating approximately 52.93 million PENGU tokens, worth nearly $538,000 according to the article. This address added nearly $450,000 to its position in this round.
Nansen also mentioned that this wallet had previously maintained profitability for 35 consecutive transactions, realizing profits exceeding $109,000. It's noteworthy that the address did not significantly reduce its holdings after the price rebound, but instead continued to maintain most of its exposure.
The net outflow from exchanges remains negative.
As of press time, PENGU saw a net outflow of approximately $964,800 from the spot market, indicating that the token continues to leave exchanges rather than flowing back to centralized platforms to await sale. Earlier, the daily net outflow exceeded $10 million before the selling pressure eased somewhat.
Although the recent net outflow has narrowed compared to the previous period, the continuous negative structure still indicates that holders are more inclined to continue holding their positions. This change echoes the situation of whales continuously accumulating tokens through decentralized channels.
- Net outflow from spot markets: approximately US$964,800
- Whales' cumulative purchases: approximately 52.93 million PENGU
- Realized profit: Over $109,000
The market is focused on the $0.014 resistance level.
In terms of price movement, PENGU gradually rebounded after holding around $0.0061, and reclaimed the psychological level of $0.01. Previously, the token had fallen from a high of nearly $0.02, and then underwent a correction that lasted for several months.
Entering April, the price structure began to show higher lows, and the rebound momentum strengthened. The current market focus is on the $0.014 level. This area repeatedly suppressed rebounds in late 2025 and early 2026.
Meanwhile, the RSI retreated from a high of nearly 68.4 to around 61, indicating that the short-term overheating has cooled down, but buying pressure has not significantly subsided. The long/short ratio of Binance's top traders is approximately 1.69, with long positions accounting for 62.8% and short positions for 37.2%, suggesting that derivatives sentiment remains bullish.
Overall, large-scale buying by whales, net outflows from exchanges, and the dominance of long positions have formed the main support for PENGU's recent rebound. Whether the $0.014 level can be effectively broken remains the focus of market observation.
