🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
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Interesting moves happening on Meteora right now. One of their major liquidity providers just pulled nearly $800K worth of assets from the PENGU-USDC pool - we're talking about $799.9K in USDC specifically.
This kind of large-scale withdrawal from a leading LP usually signals something. Could be profit-taking after a run, could be repositioning capital elsewhere, or maybe they're sensing something the rest of us aren't seeing yet.
For context, when top-tier liquidity providers make moves like this, it often affects trading conditions for everyone else using that pool. Slippage might increase, spreads could widen - the usual stuff that happens when deep liquidity disappears.
Worth keeping an eye on PENGU's price action over the next few hours. These whale movements don't happen in a vacuum.