Nietzsche Penguin Coin surges nearly 40% in a single day, with whales returning and increasing their holdings. Can it reach $0.16 again?
January 28 News, Nietzschean Penguin (PENGUIN) experienced a strong rebound after a deep correction, with the price once rising from around $0.06 to $0.12, an intraday increase of nearly 40%. Previously, the token faced significant selling pressure after spiking to around $0.16, causing a rapid pullback, but buying interest successfully stabilized around $0.10, pushing the price back up.
From a capital perspective, PENGUIN's market capitalization rose to approximately $119 million, indicating ongoing short-term capital inflows. On-chain data shows that during the price rebound, spot buying volume significantly increased, and the bid-ask spread turned positive again, suggesting a phased recovery in market sentiment. The accumulation scale temporarily expanded before returning to a relatively rational range, reflecting a coexistence of chasing gains and cautious sentiment.
From a capital perspective, PENGUIN's market capitalization rose to approximately $119 million, indicating ongoing short-term capital inflows. On-chain data shows that during the price rebound, spot buying volume significantly increased, and the bid-ask spread turned positive again, suggesting a phased recovery in market sentiment. The accumulation scale temporarily expanded before returning to a relatively rational range, reflecting a coexistence of chasing gains and cautious sentiment.
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