A whale invested in Pudgy Penguins and Lil Pudgys NFTs to benefit from the PENGU airdrop by selling a large amount of PEPE.
According to a post by on-chain analysis platform Lookonchain on December 17, a crypto whale has made a remarkable investment move in a short time. The whale sold 100.14 billion Pepe (PEPE), worth $2.34 million, and converted these assets into cash for Ethereum (ETH). As a result of the sale, the whale obtained 581 ETH.
Evaluating these assets, the whale turned to Pudgy Penguins and Lil Pudgys NFTs. In particular, the investor spent 537 ETH, worth approximately $ 2.15 million, for 16 Pudgy Penguins NFTs, and additionally spent 40.5 ETH (approximately $ 163,000) for 11 Lil Pudgys NFTs.
This strategic move shows that the investor is positioning for the upcoming PENGU airdrop. In particular, reward mechanisms such as airdrops can trigger strategic purchases by whales, creating volatility in the market.
Pudgy Penguins (PENGU) will be available for trading on Binance today at 17:00 (UTC) on USDT, BNB, FDUSD and TRY trading pairs.
Stay tuned