Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

**PENGUIN Token Deep Dive: High Volume, Higher Risk** 🎯



Solana's PENGUIN is moving serious numbers—**$369M traded in 24h** against a $312M market cap (that's a 105% Vol/Mkt ratio, aka whale activity city). Price sitting at $0.005, FDV $444M.

Here's where it gets spicy:

**Concentration nightmare:** Top 3 holders control nearly 70% of supply. One wallet alone is hodling 42.43% (38B tokens). If any of these giants decides to exit... yeah, you can do the math.

**LP is basically non-existent:** Only 1.62% of liquidity is locked. Meaning most of it can be yanked anytime. Combined with 98.38% unblocked LP, this screams manipulation risk.

**The verdict:** High volume ≠ safe asset. PENGUIN is textbook speculative—great for traders reading whale movements, brutal for bag holders if sentiment flips. Proceeds at own risk and keep one eye on those top wallets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)