CASE FILE // PENGU-2026STATUS: LIVE · UPDATED 4 H AGO

THE INSIDERLEDGER

TRACKING

Where the team and company's PENGU went. On-chain, sourced. Updated every 6 hours.

26.03B

TO TEAM + COMPANY

29.28% OF SUPPLYSOURCE ↗

6.9B

RELEASED SO FAR

OF 26.03BSOURCE ↗

62×111×

INSIDER HOLDINGS VS MARKET DEPTH (±2%)

SOURCE ↗

ALLOCATION // M1TOTAL SUPPLY 88.89B

WHERE THE SUPPLY WENT

One bar = all 88.89B PENGU. Nothing is left out.

TEAMTEAM 17.80%

CO.COMPANY 11.48%

RES.RESERVE 12.35%

OTHER 58.37%OTHER ALLOCATIONS 58.37%

0%100% · 88.89B

TEAM17.80%15.82B

COMPANY11.48%10.20B

RESERVED BY PUDGY PENGUINS FOR LIQUIDITY SUPPORT12.35%10.98B

OTHER ALLOCATIONS58.37%51.88B

SHOW OTHER ALLOCATIONS ▾HIDE OTHER ALLOCATIONS ▴

OTHER ALLOCATIONS · 58.37% OF SUPPLY

PUDGY PENGUINS COMMUNITY25.90%23.02B

OTHER COMMUNITIES24.12%21.44B

PROLIFERATION4.00%3.56B

CHARITIES & PUBLIC GOODS4.00%3.56B

FTT HOLDERS0.35%311M

Source: Canary PENGU ETF S-1, SEC filing ↗

SCHEDULE // M2TEAM + COMPANY · 26.03B

RELEASES: SCHEDULED VS ACTUAL

No vesting contract: the schedule is not enforced on-chain.

EXPECTED (SCHEDULE)ACTUALLY RELEASED

TODAY

26.03B0

7.95B

EXPECTED TO DATE

6.90B

ACTUALLY RELEASED

19.13B

NOT YET RELEASED

~723M

NEXT: 17 NOV 2026

Released 1.05B less than scheduled.

THE FOUR STEPS // M3

FROM RELEASE TO SALE

Four separate steps. Each one is smaller than the last.

ConfidenceHIGH CONFIDENCE ONLYINCL. MEDIUM

STEP 01HIGH ONLY

RELEASED

5.4B

High-confidence wallets only · 6.9B incl. medium.

STEP 02HIGH ONLY

MOVED TO INSIDER-LINKED WALLETS

5.4B

Received by wallets funded from the allocation wallets.

STEP 03HIGH ONLY

SENT TO EXCHANGES

1.9B

Deposited to an exchange. A deposit, not proof of a sale.

STEP 04HIGH ONLY

SOLD ON-CHAIN

162M

Swapped on a DEX, traceable on-chain. OTC sales are not visible.

STILL HELD IN INSIDER-LINKED WALLETS1.5B

Not traced beyond 3 hops: 932M. Sent to unlabelled high-activity addresses: 816M.

STEP 01HIGH + MEDIUM

RELEASED

6.9B

Left the team + company allocation wallets.

STEP 02HIGH + MEDIUM

MOVED TO INSIDER-LINKED WALLETS

6.0B

Received by wallets funded from the allocation wallets.

STEP 03HIGH + MEDIUM

SENT TO EXCHANGES

3.2B

Deposited to an exchange. A deposit, not proof of a sale.

STEP 04HIGH + MEDIUM

SOLD ON-CHAIN

162M

Swapped on a DEX, traceable on-chain. OTC sales are not visible.

STILL HELD IN INSIDER-LINKED WALLETS1.6B

Not traced beyond 3 hops: 932M. Sent to unlabelled high-activity addresses: 1.00B.

RESERVED FOR LIQUIDITY SUPPORT (12.35%)

STILL IN THE VAULT5.00B

SENT OUT7.42B

REACHED EXCHANGES WITHIN TWO TRANSFERS5.00B

SOLD ON-CHAIN7M

BRIDGED34M

BYBIT1.53B

BINANCE1.46B

GATE.IO866M

KUCOIN606M

COINBASE293M

BITGET152M

BITHUMB89M

KRAKEN4M

HTX<1M

The S-1 describes this allocation as reserved for liquidity support.

LIQUIDITY // M4BIDS WITHIN ±2%

INSIDER HOLDINGS =

62×111×THE MARKET'S 2% DEPTH

≈ 0.8 DAYS1.5 DAYS of PENGU trading volume (30-day average, all venues).

INSIDER HOLDINGS11.5B PENGU20.7B PENGU

WHAT THE MARKET CAN ABSORB (±2%)186M PENGU

Both bars on the same scale.

Average of 121 hourly readings.

DEPTH BY VENUE6 OF 6 VENUES REPORTING

SHOW VENUE TABLE ▾HIDE VENUE TABLE ▴

VENUEBIDS ±2% (7-DAY AVG)UPDATED

BINANCE51M50 MIN AGO

BYBIT25M50 MIN AGO

OKX32M50 MIN AGO

COINBASE32M50 MIN AGO

UPBIT34M50 MIN AGO

SOLANA DEXS12M50 MIN AGO

LIQUIDITY OWNERS // M4bSOLANA · 3 POOLSDATA TO 5 NOV · UPDATED WEEKLY

WHO SUPPLIES THE LIQUIDITY

The wallets that provide the PENGU trading pools on Solana.

2 WALLETS SUPPLY 86% OF PENGU'S DEX LIQUIDITY

A · 48.7%WALLET A · 48.7%

B · 37.6%WALLET B · 37.6%

13.7%13.7%

TEAM / COMPANY / RESERVE: 0%

POOL VALUE

$7.55M

OWNERS

308

TEAM / CO. / RESERVE

TEAM / COMPANY / RESERVE0%

WALLET A48.7%

WALLET B37.6%

306 OTHER WALLETS13.7%

BY POOL

POOLVALUELARGEST OWNER

ORCA PENGU/SOL$3.26M71.5%

METEORA PENGU/USDC$2.94M96.5%

PUMPSWAP PENGU/SOL$1.35M99.9%

LARGEST OWNERS

WALLET A48.7%

UNLABELLEDPENDING ATTRIBUTION

WALLET B37.6%

UNLABELLEDPENDING ATTRIBUTION

Ownership of liquidity positions read on-chain. A label appears only when a public source names the wallet.

EXCHANGE FLOWS // M512 WEEKS

DEPOSITS TO EXCHANGES FROM INSIDER-LINKED WALLETS

BINANCEKRAKENBYBITKUCOINCOINBASEGATE.IOBACKPACKCRYPTO.COM

256M

WK OF 17 AUGWK OF 02 NOV

EXCHANGEDEPOSITEDDEPOSITSLAST

BINANCE1.36B19226 OCT

KRAKEN279M6605 NOV

BYBIT165M3402 OCT

KUCOIN42M1117 SEP

COINBASE19M5221 SEP

GATE.IO14M625 SEP

BACKPACK2M819 AUG

CRYPTO.COM<1M105 APR

A deposit to an exchange is not proof of a sale.

SELLS // M5bDATA TO 5 NOV · UPDATED WEEKLY90 DAYS · PARTIAL

BIGGEST SELLS

Period30 DAYS90 DAYS

WHERE THE SOLD PENGU CAME FROM

DEX SELLS · TOP 50125M PENGU · ≈ $1.04M

TEAM / CO. / RESERVE / INSIDER-LINKED: 0%

EXCHANGE DEPOSITS · TOP 502.22B PENGU

TEAM / CO. / RESERVE / INSIDER-LINKED: 10.3%

ORIGINDEXEXCH.

TEAM / COMPANYHIGH0%0%

INSIDER-LINKEDMEDIUM0%10.3%

RESERVE0%0%

DEX BUY53.3%6.6%

BRIDGED IN20.3%0%

EXCHANGE WITHDRAWAL4.2%33.6%

AIRDROP0%0%

UNKNOWN22.2%49.4%

Origin = where the seller's PENGU came from, traced up to 3 transfers back. Indicative, not exact.

WHERE THE SOLD PENGU CAME FROM

DEX SELLS · TOP 50—

—NOT TRACKED FOR 90 DAYS YET

EXCHANGE DEPOSITS · TOP 505.02B PENGU

TEAM / CO. / RESERVE / INSIDER-LINKED: 24.2%

ORIGINDEXEXCH.

TEAM / COMPANYHIGH—0%

INSIDER-LINKEDMEDIUM—21.4%

RESERVE—2.8%

DEX BUY—2.3%

BRIDGED IN—0%

EXCHANGE WITHDRAWAL—25.9%

AIRDROP—0%

UNKNOWN—47.6%

Origin = where the seller's PENGU came from, traced up to 3 transfers back. Indicative, not exact.

TOP SELLS · 30 DAYS · DEXTOP SELLS · 30 DAYS · EXCHANGE DEPOSITSTOP SELLS · 90 DAYS · DEXTOP SELLS · 90 DAYS · EXCHANGE DEPOSITS

ListDEX SELLSEXCHANGE DEPOSITS

11 OCTMETEORA15M$122KBRIDGED IN

11 OCTORCA10M$81KBRIDGED IN

09 OCTORCA + METEORA4.6M$37KDEX BUY

14 OCTORCA + METEORA4.3M$33KDEX BUY

07 OCTMETEORA3.5M$31KDEX BUY

09 OCTORCA3.3M$27KUNKNOWN

31 OCTORCA3.3M$24KDEX BUY

11 OCTMETEORA2.9M$24KDEX BUY

30 OCTORCA2.7M$20KDEX BUY

09 OCTORCA2.7M$22KDEX BUY

08 OCTMETEORA2.7M$23KDEX BUY

24 OCTORCA2.6M$20KDEX BUY

06 OCTORCA2.5M$23KDEX BUY

29 OCTORCA + METEORA + PUMPSWAP2.4M$19KDEX BUY

08 OCTORCA + METEORA2.3M$18KDEX BUY

30 OCTORCA2.3M$16KDEX BUY

12 OCTORCA + METEORA2.3M$18KDEX BUY

07 OCTORCA + METEORA + PUMPSWAP2.2M$19KDEX BUY

24 OCTORCA2.1M$16KBRIDGED IN

28 OCTORCA2.0M$16KDEX BUY

07 OCTORCA + METEORA2.0M$17KDEX BUY

06 OCTMETEORA2.0M$18KUNKNOWN

07 OCTMETEORA1.9M$17KUNKNOWN

06 OCTMETEORA1.9M$18KUNKNOWN

06 OCTMETEORA1.9M$17KDEX BUY

12 OCTORCA1.8M$14KDEX BUY

06 OCTMETEORA1.8M$17KUNKNOWN

07 OCTMETEORA1.8M$16KUNKNOWN

06 OCTMETEORA1.7M$16KUNKNOWN

25 OCTORCA + METEORA1.7M$13KDEX BUY

07 OCTMETEORA1.7M$15KBRIDGED IN

06 OCTMETEORA1.7M$15KDEX BUY

20 OCTORCA1.7M$13KDEX BUY

07 OCTMETEORA1.7M$14KUNKNOWN

07 OCTMETEORA1.6M$14KUNKNOWN

06 OCTMETEORA1.6M$15KUNKNOWN

30 OCTORCA1.5M$11KDEX BUY

06 OCTMETEORA1.5M$14KDEX BUY

10 OCTORCA1.5M$12KDEX BUY

06 OCTMETEORA1.5M$13KDEX BUY

08 OCTORCA + METEORA1.4M$12KDEX BUY

10 OCTORCA1.4M$12KDEX BUY

22 OCTORCA1.4M$11KDEX BUY

06 OCTORCA1.4M$13KBRIDGED IN

06 OCTORCA + METEORA1.4M$13KBRIDGED IN

07 OCTMETEORA1.4M$12KUNKNOWN

08 OCTBINANCE299MUNKNOWN

04 NOVBINANCE285MUNKNOWN

15 OCTBINANCE117MDEX BUY

11 OCTBINANCE106MUNKNOWN

19 OCTBINANCE97MINSIDER-LINKED · MED

19 OCTBINANCE76MINSIDER-LINKED · MED

19 OCTBYBIT56MINSIDER-LINKED · MED

11 OCTOKX51MEXCHANGE WITHDRAWAL

31 OCTBITHUMB50MUNKNOWN

30 OCTMEXC43MUNKNOWN

30 OCTCOINBASE43MEXCHANGE WITHDRAWAL

07 OCTOKX39MEXCHANGE WITHDRAWAL

16 OCTBYBIT39MEXCHANGE WITHDRAWAL

20 OCTGATE.IO38MEXCHANGE WITHDRAWAL

04 NOVOKX37MEXCHANGE WITHDRAWAL

03 NOVKRAKEN36MUNKNOWN

17 OCTOKX34MEXCHANGE WITHDRAWAL

20 OCTBYBIT34MEXCHANGE WITHDRAWAL

14 OCTKRAKEN33MEXCHANGE WITHDRAWAL

21 OCTCOINBASE32MEXCHANGE WITHDRAWAL

26 OCTCOINBASE32MEXCHANGE WITHDRAWAL

30 OCTOKX32MEXCHANGE WITHDRAWAL

26 OCTOKX31MEXCHANGE WITHDRAWAL

30 OCTBITGET31MUNKNOWN

19 OCTOKX31MEXCHANGE WITHDRAWAL

29 OCTKRAKEN31MEXCHANGE WITHDRAWAL

11 OCTBINANCE30MDEX BUY

14 OCTOKX28MEXCHANGE WITHDRAWAL

28 OCTBITSTAMP27MUNKNOWN

12 OCTKRAKEN25MEXCHANGE WITHDRAWAL

23 OCTCOINBASE25MEXCHANGE WITHDRAWAL

23 OCTOKX25MEXCHANGE WITHDRAWAL

20 OCTBITSTAMP24MUNKNOWN

06 OCTOKX23MEXCHANGE WITHDRAWAL

28 OCTKRAKEN22MEXCHANGE WITHDRAWAL

12 OCTBINANCE22MUNKNOWN

24 OCTOKX21MEXCHANGE WITHDRAWAL

20 OCTBITGET20MUNKNOWN

07 OCTBITSTAMP19MUNKNOWN

29 OCTBINANCE19MEXCHANGE WITHDRAWAL

09 OCTBINANCE18MEXCHANGE WITHDRAWAL

30 OCTKRAKEN18MEXCHANGE WITHDRAWAL

03 NOVKRAKEN16MUNKNOWN

20 OCTGATE.IO16MEXCHANGE WITHDRAWAL

25 OCTOKX16MEXCHANGE WITHDRAWAL

19 OCTBITGET16MUNKNOWN

20 OCTOKX16MEXCHANGE WITHDRAWAL

20 OCTGATE.IO15MEXCHANGE WITHDRAWAL

14 OCTBINANCE15MUNKNOWN

22 OCTOKX15MEXCHANGE WITHDRAWAL

—NOT TRACKED FOR 90 DAYS YET

08 OCTBINANCE299MUNKNOWN

04 NOVBINANCE285MUNKNOWN

16 AUGBITGET200MUNKNOWN

17 SEPBINANCE194MINSIDER-LINKED · MED

02 OCTBINANCE174MUNKNOWN

01 OCTBINANCE170MINSIDER-LINKED · MED

18 SEPBINANCE153MINSIDER-LINKED · MED

22 AUGOKX152MEXCHANGE WITHDRAWAL

17 SEPBINANCE141MEXCHANGE WITHDRAWAL

24 AUGBYBIT140MRESERVETX ↗

26 AUGBINANCE128MINSIDER-LINKED · MED

06 OCTBINANCE117MUNKNOWN

15 OCTBINANCE117MDEX BUY

05 OCTOKX117MEXCHANGE WITHDRAWAL

18 SEPBYBIT111MINSIDER-LINKED · MED

11 OCTBINANCE106MUNKNOWN

05 OCTMEXC100MUNKNOWN

15 SEPMEXC100MUNKNOWN

20 AUGMEXC100MUNKNOWN

02 OCTBITGET100MUNKNOWN

24 AUGBINANCE100MEXCHANGE WITHDRAWAL

19 OCTBINANCE97MINSIDER-LINKED · MED

23 SEPOKX95MEXCHANGE WITHDRAWAL

29 SEPBINANCE92MUNKNOWN

07 SEPKRAKEN91MEXCHANGE WITHDRAWAL

18 SEPOKX85MEXCHANGE WITHDRAWAL

30 SEPMEXC80MUNKNOWN

23 SEPMEXC80MUNKNOWN

02 OCTOKX80MEXCHANGE WITHDRAWAL

28 AUGBINANCE77MUNKNOWN

19 OCTBINANCE76MINSIDER-LINKED · MED

26 SEPKUCOIN75MEXCHANGE WITHDRAWAL

30 SEPOKX73MEXCHANGE WITHDRAWAL

22 SEPOKX70MEXCHANGE WITHDRAWAL

03 OCTBINANCE66MUNKNOWN

28 SEPKRAKEN65MEXCHANGE WITHDRAWAL

23 SEPBINANCE56MUNKNOWN

19 OCTBYBIT56MINSIDER-LINKED · MED

24 AUGKRAKEN54MEXCHANGE WITHDRAWAL

28 SEPBINANCE53MINSIDER-LINKED · MED

17 SEPOKX52MEXCHANGE WITHDRAWAL

11 OCTOKX51MEXCHANGE WITHDRAWAL

31 OCTBITHUMB50MUNKNOWN

28 SEPKUCOIN50MEXCHANGE WITHDRAWAL

01 OCTKUCOIN50MEXCHANGE WITHDRAWAL

05 OCTKUCOIN50MEXCHANGE WITHDRAWAL

22 AUGGATE.IO50MUNKNOWN

26 AUGOKX46MEXCHANGE WITHDRAWAL

04 SEPMEXC46MUNKNOWN

14 SEPKRAKEN45MINSIDER-LINKED · MED

A deposit to an exchange is not proof of a sale.Most large sells come from ordinary trading. Red marks sells traced to team, company or reserve wallets.

THE LEDGER // M6NEWEST FIRST

VERIFIED EVENTS

Every row links to its transaction. Showing HIGH confidence only.

19 OCT 2026MOVED TO INSIDER-LINKED WALLET175MHIGHTX ↗

175,188,684 PENGU moved from the team + company wallet to a main release receiver.

17 OCT 2026SCHEDULED RELEASE199MEXPECTED 723M · ACTUAL 199M−524M VS SCHEDULETX ↗

The allocation wallets released 198,500,660 PENGU in October 2026; the schedule step is 722,962,963.

17 SEP 2026MOVED TO INSIDER-LINKED WALLET171MHIGHTX ↗

171,275,108 PENGU moved from the team + company wallet to a main release receiver.

17 SEP 2026SCHEDULED RELEASE201MEXPECTED 723M · ACTUAL 201M−522M VS SCHEDULETX ↗

The allocation wallets released 200,636,893 PENGU in September 2026; the schedule step is 722,962,963.

17 AUG 2026MOVED TO INSIDER-LINKED WALLET173MHIGHTX ↗

172,771,015 PENGU moved from the team + company wallet to a main release receiver.

17 AUG 2026SCHEDULED RELEASE195MEXPECTED 723M · ACTUAL 195M−528M VS SCHEDULETX ↗

The allocation wallets released 195,326,508 PENGU in August 2026; the schedule step is 722,962,963.

17 JUL 2026MOVED TO INSIDER-LINKED WALLET173MHIGHTX ↗

172,918,329 PENGU moved from the team + company wallet to a main release receiver.

17 JUL 2026MOVED TO INSIDER-LINKED WALLET173MHIGHTX ↗

172,918,329 PENGU moved from the team + company wallet to a main release receiver.

17 JUL 2026SCHEDULED RELEASE356MEXPECTED 723M · ACTUAL 356M−367M VS SCHEDULETX ↗

The allocation wallets released 355,692,150 PENGU in July 2026; the schedule step is 722,962,963.

17 JUN 2026MOVED TO INSIDER-LINKED WALLET194MHIGHTX ↗

193,887,409 PENGU moved from the team + company wallet to a main release receiver.

17 JUN 2026SCHEDULED RELEASE194MEXPECTED 723M · ACTUAL 194M−529M VS SCHEDULETX ↗

The allocation wallets released 193,887,409 PENGU in June 2026; the schedule step is 722,962,963.

18 MAY 2026MOVED TO INSIDER-LINKED WALLET181MHIGHTX ↗

180,690,448 PENGU moved from the team + company wallet to a main release receiver.

17 MAY 2026SCHEDULED RELEASE235MEXPECTED 723M · ACTUAL 235M−488M VS SCHEDULETX ↗

The allocation wallets released 234,708,824 PENGU in May 2026; the schedule step is 722,962,963.

17 APR 2026MOVED TO INSIDER-LINKED WALLET183MHIGHTX ↗

182,819,083 PENGU moved from the team + company wallet to a main release receiver.

17 APR 2026SCHEDULED RELEASE193MEXPECTED 723M · ACTUAL 193M−530M VS SCHEDULETX ↗

The allocation wallets released 192,878,822 PENGU in April 2026; the schedule step is 722,962,963.

17 MAR 2026MOVED TO INSIDER-LINKED WALLET122MHIGHTX ↗

122,000,000 PENGU moved from the team + company wallet to a main release receiver.

17 MAR 2026SCHEDULED RELEASE1.07BEXPECTED 723M · ACTUAL 1.07B+345M VS SCHEDULETX ↗

The allocation wallets released 1,068,123,246 PENGU in March 2026; the schedule step is 722,962,963.

02 MAR 2026MOVED TO INSIDER-LINKED WALLET946MHIGHTX ↗

946,123,246 PENGU moved from the team + company wallet to a main release receiver.

17 FEB 2026MOVED TO INSIDER-LINKED WALLET168MHIGHTX ↗

167,802,608 PENGU moved from the team + company wallet to a main release receiver.

17 FEB 2026SCHEDULED RELEASE277MEXPECTED 723M · ACTUAL 277M−446M VS SCHEDULETX ↗

The allocation wallets released 276,676,536 PENGU in February 2026; the schedule step is 722,962,963.

17 JAN 2026SCHEDULED RELEASE203MEXPECTED 723M · ACTUAL 203M−520M VS SCHEDULETX ↗

The allocation wallets released 203,046,602 PENGU in January 2026; the schedule step is 722,962,963.

15 JAN 2026MOVED TO INSIDER-LINKED WALLET193MHIGHTX ↗

192,595,870 PENGU moved from the team + company wallet to a main release receiver.

18 DEC 2025SENT TO EXCHANGE · KUCOIN21MHIGHTX ↗

Sent to an exchange deposit account that forwarded it to KuCoin.

17 DEC 2025SCHEDULED RELEASE2.24BEXPECTED 723M · ACTUAL 2.24B+1.52B VS SCHEDULETX ↗

The allocation wallets released 2,244,848,000 PENGU in December 2025; the schedule step is 722,962,963.

12 DEC 2025MOVED TO INSIDER-LINKED WALLET239MHIGHTX ↗

239,211,618 PENGU moved from the team + company wallet to a main release receiver.

12 DEC 2025MOVED TO INSIDER-LINKED WALLET1.82BHIGHTX ↗

1,821,088,281 PENGU moved from the team + company wallet to a main release receiver.

13 JUL 2025SENT TO EXCHANGE · BINANCE130MHIGHTX ↗

Sent to an exchange deposit account that forwarded it to Binance.

18 DEC 2024SENT TO EXCHANGE · BINANCE135MHIGHTX ↗

Sent to an exchange deposit account that forwarded it to Binance.

16 DEC 2024SENT TO EXCHANGE · BINANCE2.67BHIGHTX ↗

2,666,666,667 PENGU from the distribution vault reached a publicly labelled Binance address through one pass-through wallet.

CHECK IT YOURSELF

THE WALLETS

Every wallet this page refers to, why it was chosen, and the transaction that shows it. Check any of them yourself.

GziA…oSkRDISTRIBUTION VAULT (MULTISIG)VIEW ↗HIGHEVIDENCE TX ↗

Received all 88,888,888,888 PENGU at mint on 29 Nov 2024; the launch allocations were sent from it.

PUBLIC LABEL: Pudgy Penguins: Deployer · LABEL SOURCE: Arkham ↗

3HA7…XZALAIRDROP VAULT (MULTISIG)VIEW ↗HIGHEVIDENCE TX ↗

Received 40,284,704,022 PENGU (45.32% of supply) on 17 Dec 2024; airdrop claims were paid from it.

GcEX…ZJZuTEAM + COMPANY ALLOCATION WALLETVIEW ↗HIGHEVIDENCE TX ↗

Received 26,028,492,797 PENGU on 16 Dec 2024: 29.28% of supply, the S-1 team (17.80%) + company (11.48%) share.

PUBLIC LABEL: Pudgy Penguins: Fireblocks Custody · LABEL SOURCE: Arkham ↗

XqDw…1gCmSUB-ALLOCATION FROM THE TEAM + COMPANY WALLETVIEW ↗HIGHEVIDENCE TX ↗

Received 4,666,666,666 PENGU (5.25% of supply) from the team + company wallet on 16 Dec 2024; it had no earlier activity.

F7hi…dwSeSUB-ALLOCATION FROM THE TEAM + COMPANY WALLETVIEW ↗HIGHEVIDENCE TX ↗

Received 3,666,666,666 PENGU (4.125% of supply) from the team + company wallet on 16 Dec 2024; it had no earlier activity.

3XsT…nrrCSUB-ALLOCATION FROM THE TEAM + COMPANY WALLETVIEW ↗HIGHEVIDENCE TX ↗

Received 2,666,666,667 PENGU (3.00% of supply) from the team + company wallet on 16 Dec 2024; it had no earlier activity.

VYXU…XmWNSUB-ALLOCATION FROM THE TEAM + COMPANY WALLETVIEW ↗HIGHEVIDENCE TX ↗

Received 1,666,666,667 PENGU (1.875% of supply) from the team + company wallet on 16 Dec 2024; it had no earlier activity.

4HMH…9cvzSUB-ALLOCATION FROM THE TEAM + COMPANY WALLETVIEW ↗HIGHEVIDENCE TX ↗

Received 444,444,444 PENGU (0.50% of supply) from the team + company wallet on 16 Dec 2024; it had no earlier activity.

6gbz…bxA6SUB-ALLOCATION FROM THE TEAM + COMPANY WALLETVIEW ↗HIGHEVIDENCE TX ↗

Received 324,444,444 PENGU (0.365% of supply) from the team + company wallet on 19 Dec 2024; it had no earlier activity.

PUBLIC LABEL: Fireblocks Custody · LABEL SOURCE: Arkham ↗

73od…dErySUB-ALLOCATION FROM THE TEAM + COMPANY WALLETVIEW ↗HIGHEVIDENCE TX ↗

Received 88,888,889 PENGU (0.10% of supply) from the team + company wallet on 19 Dec 2024; it had no earlier activity.

HUSY…CxhFRECEIVER OF TEAM + COMPANY RELEASESVIEW ↗HIGHEVIDENCE TX ↗

Received 13 release transfers (3,557,537,235 PENGU) from the team + company wallet since 24 Nov 2025; largest on 12 Dec 2025.

9evX…niHeRECEIVER OF TEAM + COMPANY RELEASESVIEW ↗HIGHEVIDENCE TX ↗

Received 3 release transfers (1,358,253,192 PENGU) from the team + company wallet since 12 Dec 2025; largest on 2 Mar 2026.

PUBLIC LABEL: Fireblocks Custody · LABEL SOURCE: Arkham ↗

MARKET MAKERS // M7DATA TO 5 NOV · UPDATED WEEKLY

MARKET MAKERS

Publicly labelled wallets only.

PUBLIC LABEL

Wintermute

MfDu…GVWaVIEW ↗

LABEL SOURCE: ARKHAM ↗

PENGU HELD7.9M

30-DAY DEX VOLUME$7.22M

EXCHANGE IN / OUT · 30D356M / 106M

SHARE OF DEX LIQUIDITY0%

METHOD // M8PENGU-2026

HOW THIS WORKS

01Four steps: released, moved to insider-linked wallets, sent to exchanges, sold on-chain. Each is counted on its own.
02Insider-linked wallets are linked to the team or company by on-chain transfers from the allocation wallets.
03HIGH confidence: a direct, traceable path. MEDIUM: one indirect hop. Only HIGH shows by default.
04On-chain only. OTC and off-exchange sales are invisible to us.
05Market depth is the bids within 2% of price, read from each venue's public order book.
06Every wallet and event links to its public transaction so anyone can verify it.
07Liquidity owners: who holds each Solana pool position, read on-chain. Sell origins are traced up to 3 transfers back.

SOURCES

Canary PENGU ETF S-1, SEC filing↗PENGU allocation wallets (Solana, on-chain)Exchange order books (public APIs)Solana DEX pool data

CORRECTIONS

05 NOV 2026Added 4 exchange wallet labels (source: Arkham). Sent-to-exchange figures updated; reserve to exchanges now 5.00B.

GET ALERTS SUBMIT A TIP →

The Insider Ledger is a record of public filings and on-chain data. On-chain only: OTC and off-exchange sales are not visible. Not financial advice.Tracked by RECALL.