An investor lost 177 million tokens on Binance after missing out on the opportunity to earn $10 million from the PENGU token airdrop.
According to data provided by Lookonchain, an investor claimed an airdrop of 177 million Pudgy Penguins (PENGU) worth approximately $4.8 million on December 17 alone and deposited these tokens on the Binance exchange. The peak price of these tokens exceeded $10 million.
If the investor had claimed and sold the airdrop earlier, he would have missed the opportunity to earn approximately $5 million more.
This situation once again highlighted the importance of investors acting quickly against volatility in crypto markets. This huge drop in the PENGU price caused investors who did not sell early to experience significant losses.
PENGU, which has increased by over 60% since its launch, has caused great losses to many investors, in addition to the profits it has made.
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