PENGUIN (PENGUIN) fluctuates by 44.1% in 24 hours: Whale accumulation and surge in trading volume drive rebound
Bitget Pulse2026/05/11 10:48Volatility Brief
In the past 24 hours, PENGUIN's price rebounded from a low of $0.00358 to a high of $0.00516, currently standing at $0.00510, with a fluctuation amplitude of 44.1%. The 24-hour trading volume is approximately $3.64 million, significantly higher than the average level, showing alternating selling pressure and buying activity.
Analysis of Abnormal Fluctuations
• Whale Activity: On May 7, a whale purchased $8.23K worth of PENGUIN when the market cap was about $5.8 million, driving the price to rebound from around $0.0038.
• Surge in Trading Volume: USDT trading volume reached 383,000 in a single minute (with 279,000 sold), and the total 24-hour volume was 7.63 million USDT, with buying accounting for 53%, resulting in an 80% price pump.
Market Viewpoint and Outlook
The community’s mainstream sentiment is bullish, seeing the 80% pump as a “breakthrough” signal. The number of holders has increased to nearly 40,000, and some wallets have gained significant profits (e.g., $1.86K turned into $202,000). However, there are warnings of thin liquidity; if the support level at $0.0035 is lost, a reversal may occur. Analysts caution that short-term speculation risk is high, monitoring whether the $0.0048 resistance level will be retested.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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