How to traverse subdirectories and rename all png files in the directory to 123.png

You can use the `find` command to traverse subdirectories, and the `mv` command to rename the png files. The command that achieves this on macOS terminal would be:

```sh
find /path/to/directory -name "*.png" -execdir mv {} 1111.png \;
```

Here, `/path/to/directory` should be replaced with the path to the directory where you want to rename the png files. This command will find all the `*.png` files in the directory and its subdirectories and rename them to `1111.png`.