Pudgy Penguins (PENGU) is trading at $0.006897 with a 24-hour decline of 8.53%, marking continued weakness in the token over the past week. The token has declined 17% over the past seven days, underperforming the broader cryptocurrency market which is down 9%. PENGU's recent rally appears closely tied to an April 17 token unlock that released approximately 703 million tokens, or 0.79% of supply, into the market. On-chain data shows newly unlocked tokens were rapidly dispersed across multiple wallets, a pattern analysts say is consistent with large holders preparing to sell into rising liquidity.