How A Crypto Whale Earned $5M from PENGU Airdrop?
The memecoin craze is crazy in the 2024 crypto market, where various tokens filled investors’ pockets.
One such token was Pudgy Penguin’s native token, which went live with a massive PENGU airdrop, and with that airdrop, a crypto whale earned $5M.
Crypto Whale Made Earned $5M With PENGU Airdrop
The crypto market is full of opportunities to make heavy profits, and airdrops bring that to another level, as people can receive free cryptos and turn that into profits.
Interestingly, a crypto whale took it to another level, as it received 116.7M PENGU from the PENGU airdrop and earned a heavy profit with that.
Initially, these tokens were worth $394K, per the listing price of $0.003375. However, the same is worth $4.2M today, after the PENGU price grew 630% since its launch on December 18, 2024.
Interestingly, the crypto whale realized the Pudgy Penguin token’s worth as it is a famous NFT product and gained an instant listing on Binance.
Such listing on popular crypto exchanges increases the possibility of gains. Regardless, the whale spent 5,250 SOL, worth $1M, and bought an additional 34.42M PENGU, bringing his total holdings to $5.49M.
Similarly, another crypto trader made 14,500x returns on his Pudgy Penguin token investment. He turned $6 into $87k within a few days as he invested before the liquidity pool launched the token. Many similar incidents have amazed investors and increased the demand for Solana meme coins.
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