Author: ah kek, Dune Analytics
Compiled by: Tim, PANews
I spent an entire month organizing data on centralized exchanges for the PENGU token and on-chain holdings, and I have automated data updates.
Do you know why PENGU rose 80% this week?
I have developed a dedicated PENGU dashboard, with unparalleled real-time insights and transparent data at your fingertips.
- The buy and sell orders on major order books have increased comprehensively.
I analyzed the historical order book data of Binance, OKX, and Gate, and over the past 30 days, the net bid-ask spread in the market has increased by 80%, with buy orders in the order book continuously rising.
In addition, the sell order wall has dropped by 18%, indicating a reduction in selling pressure.
- Centralized exchanges continue to dominate the buying side.
According to data from the three major exchanges, there has been a persistent phenomenon over the past 30 days: the number of buy walls significantly exceeds the number of sell walls.
This indicates sustained buying momentum, suggesting that buyers hold strong confidence.
- Trading volume surged on June 28.
Specifically looking at the data, the net purchase amount on June 28 reached 24 million US dollars.
The massive surge in buying behavior may be the catalyst for the current upward trend.
- The holding situation of CEX and DEX wallets
The trading volume on centralized exchanges has decreased by 24%, a significant change that indicates users are transferring assets to self-custody wallets, which is a bullish signal on-chain.
At the same time, the trading volume on decentralized exchanges has seen a slight decline, which may be due to position consolidation or funds being transferred to cold wallets.
- Individual and whale hoarding mode
Now introducing key features: you can accurately see who is increasing their holdings of PENGU.
The most eye-catching move? User traderpow just splurged a huge amount to buy 94 million PENGU tokens, this action is simply crazy bullish.
I put in a lot of effort to ensure the numbers are accurate, making all the content neat, clear, and easy to understand.
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