gamestop bradley - Pudgy Penguins rally coincides with token unlock as analyst flags exit liquidity risk
Pudgy Penguins’ recent rally may be a breakout driven by ecosystem momentum. This move appears to have benefited long-term holders in unexpected ways, according to on-chain data.
According to DNTV Research founder Bradley Park, the surge may have provided liquidity, that is, enough buyers in the market, for large holders to sell following a mid-April token unlock.