After the PENGU airdrop, the price dropped by more than 50%, and the top 11 recipients are dumping 35.4%.

According to Spot On Chain data, $PENGU dropped by about 52.3% from its historical high ($0.0699) within 19 hours after the Airdrop. Here are the movements of the top 11 $PENGU Airdrop recipients: Total amount received: 991.36M $PENGU (valued at approximately $68 million at its peak); Sold: 351 million $PENGU (approximately $10.7 million), accounting for 35.4% of the total amount received; Current holdings: 620.29M $PENGU (approximately $18.6 million); Strong holders: Only 4 out of 11 recipients still hold all Airdrop tokens.