On-Chain Metrics
Pudgy Penguins on-chain: Classifies spent supply by profit/loss percentage and shows SOPR and volume per band. Deep loss band spikes signal true capitulation at bottoms; extreme profit spikes signal distribution at tops. Reveals whether selling pressure comes from weak hands or true conviction sellers.
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Addresses and on-chain cohorts do not identify individual people. Network designs and available histories differ, so a threshold observed on one asset may not transfer to another.
Pudgy Penguins on-chain: Classifies spent supply by profit/loss percentage and shows SOPR and volume per band. Deep loss band spikes signal true capitulation at bottoms; extreme profit spikes signal distribution at tops. Reveals whether selling pressure comes from weak hands or true conviction sellers.
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