Recent on-chain data reveals that the Pudgy Penguins team has deposited over $100 million worth of their PENGU token into various cryptocurrency exchanges since July. According to blockchain analytics firm EmberCN, addresses linked to the PENGU deployer (GziA3Z) have been consistently moving large sums of PENGU, roughly $3 million every few days, to platforms like Binance and Coinbase. This activity raises questions within the crypto community, as exchange deposits are often perceived as preparation for selling. The total deposited amount since July has reached a staggering 3,881,100,000 PENGU, valued at approximately $100.8 million. Notably, another 230 million PENGU was deposited just hours ago, further fueling speculation about the team's intentions. While the Pudgy Penguins team hasn't officially commented on these transactions, the significant volume of PENGU being moved to exchanges warrants close monitoring by investors and token holders. The implications for PENGU's price and the overall project remain to be seen. ```