The crypto market has recently seen huge fluctuations due to Pudgy Penguins' PENGU token, with the frenzied trading of whales leading market attention and driving the token price up by 660%. However, behind this feast lurks the shadow of scammers, and experts remind investors to operate with caution!
Whales are frantically buying, and PENGU may see explosive growth.
The PENGU token of Pudgy Penguins has attracted the attention of numerous whales since its launch. According to Lookonchain data, a whale turned a profit of $9.5 million from the ai16z token and converted it into PENGU, successfully acquiring 79.9 million PENGU, with unrealized profits reaching $835,000. Another whale obtained 116.7 million PENGU at the airdrop price, then added more to their position, achieving a profit of $4.4 million and becoming the market focus.
With the accumulation of these large holders, market interest in PENGU continues to heat up. On December 17, the price of PENGU soared nearly 500%, rising from $0.01141 to an all-time high of $0.06845. Despite experiencing a rapid pullback, the current trading price stabilizes between $0.033 and $0.039, while the market capitalization has surged to $2.3 billion, with the number of holders exceeding 500,000, demonstrating the market's enthusiastic attention to this project.
New whales are joining, and the market trend for PENGU is highly anticipated.
Not only are established whales in action, but on the day before Christmas, a new wallet quietly accumulated 538.4 million PENGU, valued at nearly $20 million at current estimates. With a large influx of capital, the liquidity of PENGU has significantly increased, and the atmosphere of the market is becoming increasingly charged.
Meanwhile, the trading volume of the PENGU token continues to rise, with the market capitalization briefly exceeding $2.26 billion on December 24. This growth trend offers investors a huge market opportunity and could become the core of a new round of cryptocurrency surges.
Beware of scams; hackers are lurking in the shadows.
However, as the popularity of the PENGU token continues to rise, it is accompanied by rampant hackers and scammers. Blockchain security company Scam Sniffer has pointed out that recent malicious ads on Google Ads have targeted Pudgy Penguins users for scams. The scammers embed malicious JavaScript code to detect whether the visitor has a crypto wallet and guide them to a counterfeit site.
This scam uses the tactic of disguising itself as an official website to lure users into connecting their wallets, subsequently stealing funds or NFTs. Although the current focus of this scam is on Pudgy Penguins, security experts warn that the crypto community must remain vigilant, as this method can easily shift to other cryptocurrency projects.
Investors should be cautious; protecting wallet security is crucial.
Experts recommend that all cryptocurrency users install ad blockers, use dedicated browsers for Web3 interactions, and always verify website URLs before connecting their wallets. Only by staying vigilant can one avoid becoming a victim of scams.
Despite the threat of hackers, the market potential of PENGU and the growth of whale activity undoubtedly bring new investment opportunities. Understanding market rhythms is the beginning of wealth control! Follow Lao Tan closely, plan ahead, and let the next peak belong to your account! Pay attention to Lao Tan, never let opportunities slip away!
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