Listings on Binance and other crypto exchanges have caused a huge increase in the price of meme coin PENGU. A crypto whale made a fortune by earning $5 million with tokens received from the PENGU airdrop, experiencing a 630% growth. Considering PENGU’s growing popularity among investors, analysts predict that its market value could reach $10 billion.$PENGU
Crypto whale makes $5 million with PENGU airdrop!
The crypto market offers various opportunities for investors looking to make big profits. Airdrops, in particular, offer investors the chance to make a profit by earning them free crypto tokens. A crypto whale received 116.7 million PENGU tokens from the PENGU airdrop. Initially, the total value of these tokens was around $ 394 thousand, as each token was listed at $ 0.003375. However, after its launch on December 18, 2024, the PENGU price has increased by 630%, reaching a market value of $ 4.2 million to date.
The crypto whale noticed the interest in this meme coin, known as Pudgy Penguin’s NFT, and waited for it to be listed on the Binance exchange. Listings on popular crypto exchanges usually increase the value of coins and increase the chances of earnings. The whale spent 5,250 SOL worth $1 million and bought another 34.42 million PENGU tokens, bringing his total holdings to $5.49 million.
In addition, another crypto investor made a 14,500-fold profit by investing in the Pudgy Penguin token. This investor, who started with a low investment at first, turned the $6 investment into $87,000 in a few days. Such events surprised investors and increased the interest in Solana-based meme coin projects.
Binance recently listed PENGU, increasing the price of the token by 800% in one day, bringing huge profits to investors. Then, Korean exchange Bithumb also listed the Pudgy Penguin token, causing the price to increase by 40%. PENGU is currently trading at $0.03364 with a market cap of $2.6 billion, and its trading volume has increased by 211% to $1.16 billion. These developments clearly show that the demand for the token is increasing.
However, PENGU’s price has reached much higher levels in the past, hitting a new all-time high (ATH) of $0.05738 just seven days ago. The current price is 38% away from its ATH.
Some analysts predict that PENGU’s market cap could reach $10 billion, considering its success and listing on various exchanges. It is stated that more than 70% of the airdrop tokens were claimed in just 24 hours, reflecting the interest of users. However, it is important to remember that crypto markets are quite volatile and risky.