How PENGU Allowed This Crypto Trader to 14,500x His Investment?
PENGU Token Launch: $6 Investment Yields $87K Yesterday, Binance launched the PENGU token, sparking immense demand through a significant airdrop and spot trading pairs, including USD, BNB, FDUSD, and TRY. The token’s popularity was fueled by the success of the Pudgy Penguin NFT collection, which laid the foundation for strong investor interest. According to Arkham Intelligence, one trader managed to buy $6 worth of PENGU tokens before the main liquidity pool was launched on Solana. By pairing th
Crypto Trader Turns $6 into $87K with PENGU Token as Pudgy Penguin Ecosystem Hits New Milestones
In a remarkable turn of events, a crypto trader achieved a staggering 14,500x return on his PENGU token investment, highlighting the potential of the Pudgy Penguin ecosystem. The token’s recent launch set new benchmarks in the crypto space, offering investors substantial returns within a short timeframe.
As bitcoin soars, luxury brands consider accepting crypto payments
The surging value of Bitcoin has drawn the attention of luxury brands and retailers, prompting many to consider accepting cryptocurrencies as payment. This move aims to tap into new wealth pools and strengthen relationships with crypto-savvy consumers. Previously, only a few high-end labels, such as LVMH's Hublot and Tag Heuer, as well as Kering's Gucci and Balenciaga, had experimented with cryptocurrency payment options. However, the landscape is shifting as interest in digital currencies grows
Pudgy Penguins’ PENGU token down more than 50% after launch
The Pudgy Penguins NFT project’s highly anticipated token launch has had an underwhelming start, with its native token, PENGU, plummeting over 50% in the initial hours of trading following the Dec. 17 airdrop.
Source:CoinGecko Approximately half of the total supply of nearly 89 billion PENGU tokens has been distributed to the community, with 26% allocated to NFT holders, as per the project’s website. The token initially launched with a market capitalization of approxima
A trader lost nearly $10,000 while trying to capitalize on the Pudgy Penguins (PENGU)
A trader lost nearly $10,000 while trying to capitalize on the Pudgy Penguins (PENGU) token airdrop. The PENGU token surged to a $3 billion market cap shortly after launch, but the trader mistakenly purchased tokens from a manipulated low-liquidity pool at an inflated $14 trillion valuation. Their $10,000 investment dwindled to under $3 within minutes.
This error stemmed from a glitch in the Jupiter decentralized exchange and the trader's failure to verify the contract address. They later acqui