💦💦Whale Sold Millions of Dollars Worth of PEPE for Altcoin Airdrop to Be Listed Today! 💦💦
A crypto whale invested in Pudgy Penguins and Lil Pudgys NFTs in order to benefit from the PENGU airdrop by selling a large amount of PEPE.
On-chain analysis platform Lookonchain announced a remarkable investment move in a post it made on December 17. The crypto whale earned 581 ETH in return for the Ethereum (ETH) he obtained by selling 100.14 billion Pepe (PEPE), worth a total of $ 2.34 million.
Evaluating these assets, the whale preferred to invest in Pudgy Penguins and Lil Pudgys NFTs. The investor spent 537 ETH, worth approximately $2.15 million, for 16 Pudgy Penguins NFTs. He also made an additional investment by paying an additional 40.5 ETH (approximately $163,000) for 11 Lil Pudgys NFTs.
This move indicates that the whale has taken a strategic position for the upcoming PENGU airdrop. Reward mechanisms such as airdrops can often trigger whales to buy, creating volatility in the market.
The Pudgy Penguins (PENGU) token will start trading on the Binance platform today (17:00 TSI) on USDT, BNB, FDUSD and TRY trading pairs.
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