Pudgy Penguins [PENGU] is down 14% in the past 24 hours. PENGU had the biggest loss among CoinMarketCap’s top 100 crypto tokens during this period.

A couple of factors influenced this sudden crash, which occurred after a week of positive gains across the crypto sector.

Monthly unlocks fuel selling pressure

The number of transactions was growing, but sellers dominated them more. According to Dune Analytics, sell transactions were 19,865, while those of buyers were 19,648. However, the difference was not that big.

Additionally, the number of daily sellers was 959, while the number of buyers was 804.

This sale came as a result of monthly unlocks of 712.4 million PENGU worth $6.25 million.

Of this amount, 279.3…