PENGU Drops 11% Amid Derivatives Outflow, But Bullish Signals Suggest Potential Rebound

Pudgy Penguins PENGU has declined 11% in the past day, marking the largest loss among top 100 cryptocurrencies per CoinMarketCap data. Despite liquidity outflows from derivatives, bullish signals on Binance and spot accumulation suggest a potential rebound soon, with open interest dropping 19% to $15.4 million. PENGU faces significant capital outflows, with $15.4 million in [...]