$PENGU is very popular today, and the price has soared by 18%, all thanks to the whales who bought Pudgy Penguins crazily, directly pushing the price of this token to a high of $0.43.
After this wave of operations, PENGU has increased by 27% this week, and it has soared by more than 700% in a month, leaving other MEME coins on Solana, such as BONK and WIF, behind.
Why is PENGU so popular?
Mainly because of the large-scale purchases by whales. A whale made $9.5 million by buying and selling ai16z tokens before, and now he has exchanged $500,000 of ai16z for PENGU.
He bought $1.15 million of ai16z before, and later sold 7.87 million of them, making $5.57 million. The remaining 6.21 million are still worth $5.08 million.
In the past eight days, he spent another $2.47 million to buy 79.9 million PENGUs, and now these PENGUs have helped him make a profit of $835,000.
Looking at this momentum, the price of PENGU will continue to rise, and it may break the previous historical record of $0.4285.
However, although PENGU is now popular and its market value exceeds $2.5 billion, its daily trading volume has dropped by 30%, which may be a reminder for everyone not to rush in all at once.
But to explain why PENGU is so popular, the Korean cryptocurrency exchange Bithumb has helped a lot.
As soon as Bithumb launched the Solana meme coin, Korean investors went crazy, the demand exploded, and the trading volume also rose.
In addition, Bithumb has prepared an airdrop event for PENGU traders. As long as you trade PENGU during the event, you can get 88,888,888 tokens.
It can also be seen from the derivatives data of PENGU that everyone has a real demand for Solana meme coins.
Now PENGU's open interest has soared to $222 million, and the 24-hour liquidation amount is also $4 million.
For the next layout direction, I will lead everyone to aim at the profit opportunities of the copycat. There is no problem with the expected space of more than 10 times. Like + leave a message, and take you to layout the entire bull market!
