Penguins (penguins) has been gaining steam recently. At one point, it was one of the best performance performance in the market. But at the same speed, I lost steam and became one of the worst performance in 24 hours. So what is happening with Pengu Price, and is the goal still $ 0.10 to play?
Crypto Gerhard expert, who has more than 136,000 subscribers on YouTube, gave a closer look at what is behind the price movement and why it might not be as organic as it seems.
Penguin withdrawal is followed by a rapid decline
Last week, Pengu flying high, the second best among the best 100 encryptions. But within one day, he was kicking. This type of dramatic swing is not always related to the basics or long -term value. According to Jerhard, it is often related to trading.
He explained that these sharp moves are usually driven by merchants who put large bets in the futures market. The price can be pumped quickly when there is a rush from long centers, but it can be disrupted quickly as soon as the momentum or the fluctuation of the financing rates is negative.
The interesting thing is that even during a crowd 230 %, the number of owners has not increased much. This indicates that the price jump did not correspond to the actual retail department; It was a trading game more than community race.
Also read: Dogecoin enters the most optimistic stage – here is what this means for the price
Trading activity in the central stock exchanges
Although Pengu has decent liquidity on the Solana series, with millions in the size of the pool, most procedures occur on central exchanges such as Binance, OKX and Mexc. This is the place that was launched, and this is where most of the folder still lives.
Gerhard indicated that the penguin witnessed a huge $ 77 million in the 24 -hour future trading volume on Binance alone. This is a lot of leverage, not the trading type that reflects a steady growth. They are short -term bets, inside and outside, with a long -term condemnation behind it.
Moreover, metal coins live and die with attention. This is the reality. Pengu got a lot of eyes recently, not because of the strong societal noise, but due to the movement of research and social media.
Also read: Piots Prices Prices for this day (May 4)
But even with increased attention, the number of holders of the wallet has almost changed. Governor containing $ 1,000, $ 10,000, or even $ 100,000 from the penguin remained the same. This is a great red sign if you hope for strong organic growth.
Gerhard also said that the buyer’s activity for the first time reached its climax on April 21, yet the price did not extend from there. This may be a sign of manipulation or just a shortage of new capital to push things up.
Penguins follow the series and internal activity
It was one of the most open -eyed parts of the video around the governor’s tracking. Gerhard and his team monitors about 600 influential governors. They use NFT activity, deposit addresses and symbolic patterns to find out who buys before becoming a symbol.
Participate in how the people often occurred early, talking about a project on social media, then watched with their followers jumping and doing the price. It is the same pump style and old discharge, just wearing new clothes.
Gerhard ended the video by saying that there are two ways to deal with this market: buying random symbols and hope or following the place where the informed put their money. Either way, for the price of the penguin, all eyes are now on whether they are The ground can hold or if this is just another short -lived gathering.
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