On-chain data shows that a well-known whale purchased 16 Fat Penguin NFTs for over $1.5 million a day before the release of PENGU coins, demonstrating strong confidence in the project. This morning, the whale further solidified its position in the NFT market by purchasing 63 Azuki Elementals for 85 ETH. Such large-scale transactions reflect the market's optimistic outlook on high-quality NFT projects, which may drive the value of related assets up.