Author: ah kek, Dune Analytics
Compiled by: Tim, PANews
I spent an entire month organizing centralized exchange data and on-chain holdings for PENGU tokens, and achieved automated data updates.
Do you know why PENGU rose 80% this week?
I developed an exclusive PENGU dashboard with unparalleled real-time insights and transparent data at your fingertips.
1. Order Books for Major Exchanges Show Overall Growth
I analyzed historical order book data from Binance, OKX, and Gate. In the past 30 days, the market's net buy-sell spread increased by 80%, with buy orders continuously rising.
Additionally, sell order walls dropped by 18%, indicating reduced selling pressure.
2. Centralized Exchanges Dominated by Buy Orders
According to data from three major exchanges, over the past 30 days, buy order walls have consistently been significantly larger than sell order walls.
This shows continuous buying momentum and indicates buyers' firm confidence.
3. Trading Volume Surged on June 28
Specifically, the net buying amount on June 28 reached $24 million.
The massive surge in purchasing activity could be the catalyst for the current upward trend.
4. CEX and DEX Wallet Holdings
Centralized exchange holdings decreased by 24%, a significant change indicating users are moving assets to self-custody wallets, which is a bullish on-chain signal.
Meanwhile, decentralized exchange holdings showed a slight decrease, possibly due to position consolidation or fund transfers to cold wallets.
5. Individual and Whale Accumulation Patterns
Now introducing a key feature: you can accurately see who is accumulating PENGU.
The most eye-catching move? User traderpow just spent a massive amount to buy 94 million PENGU tokens, which is an incredibly bullish action.
I put in a lot of effort to ensure numerical accuracy, making all content neat, clear, and easy to understand.
