Yes, you are right. The candles are produced and fully controlled by the market makers Binance and Wintermute, as well as the project team Pengu.
AldanaSam
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$PENGU Observing really strange patterns. The candles don't seem to be made by individual traders. Are we in a manipulation phase to save the price or to make it crash even more? As it reaches 0.015007, it is barely rising with the selling pressure. Memecoins are not for holding; they are mainly for gamblers. Don't do anything and blame the coin, there are still people making a lot with it. That's how it is, volatility, instability are the nature of memecoins.