A lucky crypto investor just turned a tiny investment into a massive payday thanks to the new Pudgy Penguins token, PENGU.
A $6 Investment, a $87,000 Payday
According to Arkham Intelligence, someone snagged $6 worth of PENGU, the utility token for the Solana-based NFT project, Pudgy Penguins. They then added it to the Raydium DEX, along with $1100 worth of SOL. Other traders trying to buy PENGU at launch ended up buying from this investor at much higher prices, netting them a cool $87,000 profit in SOL and PENGU.
PENGU’s Explosive Launch
Binance listed PENGU on Tuesday, following its Monday airdrop. It’s already ranked 68th by market cap and is currently trading around $0.0383, up about 12% in the last 24 hours. Pudgy Penguins announced the Solana launch earlier this month, stating that PENGU would have a total supply of 88,888,888,888 tokens. They hoped this would allow fans and the wider public to engage with the project.
Disclaimer
This information is for general knowledge only and is not financial advice. Investing in cryptocurrencies is risky, and you could lose money. Always do your own research before investing.
