Crypto whales rampantly exchange their coins to buy PENGU
The post Crypto whales rampantly exchange their coins to buy PENGU appeared on BitcoinEthereumNews.com.
Pudgy Penguins (PENGU), the recently launched cryptocurrency token tied to the popular NFT collection, has captured significant market attention in the past week. The crypto has witnessed a surge in whale activity, with some token holders selling to offset losses and others accruing massive accumulations, signaling a possibility for a market upturn soon. Recent data from Lookonchain shows a whale, who had previously profited $9.5 million from ai16z tokens, made a significant exchange of 500,000 ai16z tokens (valued at $412,000) for PENGU. A whale who made $9.5M on $ai16z exchanged 500K $ai16z($412K) for $PENGU again 2 hours ago. This whale initially spent $1.15M to buy 14.08M $ai16z and sold 7.87M $ai16z for $5.57M, leaving 6.21M $ai16z($5.08M). #ai16z Over the past 8 days, the whale has spent $2.47M to buy… pic.twitter.com/IDZt5VeAQ1 — Lookonchain (@lookonchain) December 26, 2024 The investor has spent a total of $2.47 million acquiring 79.9 million $PENGU over the last eight days and now holds unrealized profits amounting to $835,000. PENGU whale transactions drive market interest In another notable transaction, a whale who received a PENGU airdrop of 116.7 million tokens (initially valued at $394,000) at the listing price has increased their holdings. After PENGU’s price surged by 660% since its launch, the airdropped tokens are now worth $4.4 million. This particular whale spent 5,250 Solana (SOL) equivalent to $1 million to purchase 34.42 million PENGU, bringing their total holdings to 151.12 million tokens, now valued at $5.748 million. Meanwhile, per market tracker Onchain Lens, a newly created wallet also amassed 538.4 million PENGU tokens, worth more than $20 million at current valuations, on the day before Christmas. This accumulation occurred at an average price of $0.028 per token, according to Nansen data. A newly created wallet has accumulated 519.99M $PENGU, worth $14.72M from #Binance at an average…
Filed under: News - @ December 26, 2024 11:19 am