Pudgy Penguins just dropped its new Essentials collection and $PENGU has been moving with it. Onchain, the positioning is split: Smart Money: +$208K Top PnL Traders: +$192K Whales: -$536K Exchanges: +$2.56M Billions will huddle, just not all in the same direction.
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2/ The standout is Top PnL Traders. Their net inflows are running at 19.3x their usual size over the last 24 hours. Smart Money is also net positive, while whales are moving the other way.
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3/ Zoom out to 7D and the divergence is even clearer. Smart Money holdings: +260% Whale holdings: -9.8% Exchange balances: +4.3% Different cohorts are positioning very differently into the move.

Sep 23, 2026 · 11:34 AM UTC

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