Pudgy Penguins (PENGU), a newly launched token associated with the popular NFT collection, has garnered market attention over the past week.
This asset has seen increased whale activity, with some holders cutting losses and others accumulating large amounts of tokens, signaling the potential for the market to soon recover.
Recent data from Lookonchain shows that a whale, which once made a profit of 9.5 million USD from ai16z tokens, executed a trade swapping 500,000 ai16z tokens (worth $412,000) for PENGU.
The investor has spent a total of 2.47 million USD to buy 79.9 million PENGU over the past eight days and now holds an unrealized profit of up to $835,000.
Whale trading of PENGU boosts market interest
In another notable trade, a whale received an airdrop of 116.7 million PENGU tokens (initially valued at $394,000). After the price of PENGU surged 660% since its launch, the value of these airdropped tokens is now 4.4 million USD.
This whale spent 5,250 SOL, equivalent to 1 million USD, to purchase 34.42 million PENGU, bringing the total number of tokens held to 151.12 million, currently valued at 5.748 million USD. Meanwhile, according to the market tracking tool Onchain Lens, a newly created wallet has also accumulated 538.4 million PENGU tokens, worth over 20 million USD at current valuation, the day before Christmas, with an average price of $0.028 per token.
The PENGU token of Pudgy Penguins has experienced extreme volatility since its launch. On December 17, the token price skyrocketed nearly 500% in the first hours of trading, from $0.01141 to an ATH of $0.06845.
However, shortly after, there was a strong correction, with the price dropping to $0.031 on December 18, marking a 55% decline from the ATH.
The price of the token has since stabilized in the range of $0.033 to $0.039 over the past seven days and is up about 10% on the day.
PENGU price chart 1 hour | Source: TradingView
Despite the volatility, the official channels of the project report that the number of PENGU holders has surpassed 500,000, indicating strong interest and adoption from investors. The increase in liquidity is also reflected by the rising trading volume. On December 24, the market capitalization of PENGU surged to over 2.26 billion USD.
Experts warn about the attack targeting Pudgy Penguins users
Meanwhile, blockchain security analysts have discovered a new scam targeting crypto users through malicious ads on Google's network. This scam particularly targets Pudgy Penguins users by exploiting Google ads to 'lure' unsuspecting users into accessing fraudulent websites.
According to Scam Sniffer, a blockchain security company, the ads reportedly embedded suspicious JavaScript code designed to detect whether visitors have crypto wallets. Upon detecting a wallet, the code redirects users to a fake website that closely resembles the official Pudgy Penguins site. The goal of the website is to trick users into connecting their wallets, allowing the scammer to gain unauthorized access to funds or NFTs.
Although Pudgy Penguins is the focus of the scam, Scam Sniffer warns that this method can easily be adapted to target other cryptocurrency projects. The security company advises users to install ad blockers, use a dedicated browser for Web3 interactions, and always verify the website URL before connecting their wallets.
https://tapchibitcoin.io/ca-voi-gom-luong-lon-pengu.html
