💥💥Major Crypto Whale Received a Large Airdrop of This Altcoin: Instead of Selling, He Bought More! 💥💥

According to on-chain data provided by cryptocurrency analysis platform Lookonchain, a cryptocurrency whale recently received a large airdrop. However, unlike many other whales, this whale held on to the altcoin he received instead of selling it.

The data shows that this whale, who received the $3.52 million PENGU$PENGU

airdrop, spent another $1 million worth of SOL today to purchase 34.42 million PENGU tokens.

The major investor has not yet made any sales and at the time of writing, he owns 151.12 million PENGU tokens, equivalent to $5.08 million in total. PENGU tokens have gained immense popularity despite being launched recently. A significant portion of the total supply of this Memecoin-based altcoin was distributed as an airdrop to owners of the Pudgy Penguins NFT collection.

However, the token's price is currently trading 37% below its all-time high.

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