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PENGUIN Meme Coin: All Top Four Whale Addresses Suffer $800K Loss, Sweep Top Four Loss Positions
BlockBeats News, February 3rd, according to GMGN monitoring, on the Solana chain, the Meme coin PENGUIN has seen four high-frequency addresses with trading patterns highly similar over the past 24 hours, engaging in continuous swing trading. These addresses are suspected to be high-frequency trading bot arbitrage addresses, with their trade sizes all being the largest during the same period. The average buy/sell amount per person for these four addresses today is around $300,000, totaling approximately $1.16 million. Following the mentioned high-frequency trades, the overall loss for each address has expanded to over $800,000, now ranking in the top four of historical losses for this token.
In addition, since January 28th, PENGUIN's price has been consistently declining, retracing over 78% from its peak. Its current market value is about $39.1 million, with a price of around $0.0391, and a 24-hour price increase of about 12%.
BlockBeats reminds users that Meme coin trading is highly volatile, largely driven by market sentiment and conceptual speculation, with no actual value or use case. Investors should be aware of the risks.
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