Pudgy Penguins Team Deposits Significant PENGU Amount to CEX

On March 4, the Pudgy Penguins team made a substantial deposit of 450 million PENGU tokens, valued at $3.12 million, to a centralized exchange (CEX). According to BlockBeats On-chain Detection, this transaction occurred seven hours prior to the report. The move has drawn attention within the cryptocurrency community, highlighting the ongoing activities and strategies of the Pudgy Penguins team.