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A Crypto Whale Earned 5 Million Dollars With This Meme Coin!

Bir Kripto Balinası Bu Meme Coin ile 5 Milyon Dolar Kazandı!
Bir Kripto Balinası Bu Meme Coin ile 5 Milyon Dolar Kazandı!
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Binance and other crypto exchange listings fuelled the price of the meme coin PENGU. The token received by a crypto whale, PENGU airdrop, grew 630 per cent to $5 million. Thus, the whale made a fortune. Analysts estimate that PENGU’s market capitalisation could reach $10 billion, considering its popularity among investors.

Crypto whale PENGU earned $5 million with airdrop!

The crypto market is full of opportunities to make big profits. Also, airdrops take it to another level. Because people get free crypto tokens. Then they have the opportunity to turn it into profit. One crypto whale received 116.7 million PENGU from the PENGU airdrop. He then made a hefty profit with it. So, he took it to another level. Initially, these tokens were worth $394k based on the list price of $0.003375. However, the PENGU price has increased by 630% since its launch on 18 December 2024. Meme coin reached a market capitalisation of $4.2 million today.

The crypto whale realised the value of the Pudgy Penguin token as it is a famous NFT product. This meme coin instantly gained a listing on Binance. Such a listing on popular crypto exchanges increases the probability of earnings. Regardless, the whale spent 5,250 SOL worth $ 1 million and bought another 34.42 million PENGU, bringing its total assets to $ 5.49 million.

Source: Lookonchain

Similarly, another crypto trader made a 14,500x return on his Pudgy Penguin investment. Since he invested before the liquidity pool launched the token, he turned 6 dollars into 87 thousand dollars in a few days. Many similar events surprised investors. These developments have increased the demand for Solana meme coin projects.

Meme coin price increased by 40% today

As you follow from Kriptokoin.com, Binance recently listed PENGU. This gave investors a great return by increasing its price by 800% in one day. Today, the popular Korean exchange Bithumb also listed the Pudgy Penguin token. This led to a 40% increase in the meme coin price. However, it is currently trading at $0.03364 with a market capitalisation of $2.6 billion. This was driven by a 211% increase in trading activity to $1.16 billion. It also clearly demonstrated the growing demand. However, the token has reached a much higher target in the past. Just seven days ago, it saw an ATH of $0.05738. It is currently 38% away from its ATH.

Source: CoinMarketCap

Other analysts believe that due to the success of the PENGU airdrop and its listing by various crypto exchanges, the PENGU market capitalisation could reach $10 billion. More than 70% of the airdrop tokens were requested within 24 hours. This shows the interest of users. Analysts say the same interest is likely to increase PENGU’s market capitalisation to $ 10 billion. However, it should not be forgotten that the crypto market is quite risky and volatile.

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A Crypto Whale Earned 5 Million Dollars With This Meme Coin!
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