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.
PENGU1.59%
USDC0.02%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
RektButStillHerevip
· 1h ago
Whale is up to something again?
View OriginalReply0
JustHereForMemesvip
· 1h ago
ngl this whale just ruined my day fr fr
Reply0
DeFiDoctorvip
· 1h ago
The fund health check indicates this pool is lacking liquidity. Hospitalization and observation are recommended.
View OriginalReply0
0xDreamChaservip
· 1h ago
Rug Pull Warning Go Go Go
View OriginalReply0
NotFinancialAdvicevip
· 1h ago
tbh smth fishy going on with pengu rn...
Reply0
PensionDestroyervip
· 1h ago
Large Investors are up to something again?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)