It Only Took 20 Minutes, This Trader Cuan Rp133 Billion From The PengU Token

Pengu tokens from NFT developer Pudgycurs. (Photo; Doc. NFT Plazas)

JAKARTA - A crypto trader managed to get a fantastic profit of US$8.36 million (Rp133.76 billion) in just 20 minutes through the trading of Pudgy slights ($PENGU) tokens. The PENGU token was launched on the Binance platform on December 17 yesterday.

According to data from Lookonchain, two hours before trading began, the trader poured out 23,742 Solana (SOL) worth US$5.36 million (Rp85.76 billion) to buy 239.6 million PENGU tokens in eight separate transactions.

Only 20 minutes later, the trader resells the tokens for 60,726 SOLs or the equivalent of 13.72 million US dollars (Rp219.52 billion). From this transaction, the trader recorded a profit of around US$8.36 million (Rp133.76 billion), a fantastic achievement amid the high volatility of the crypto market.

Automatic Transactions

A user X with the pseudonym Nakasintos claims to be the perpetrator behind the trade action. Although the claim cannot be verified, what is interesting is the news that this trader completed 500 transactions in just one hour. Experts suspect the use of the automatic trading system to be able to carry out hundreds of transactions.

Binance opened the trading of PENGU tokens at 21.00 WIB last night with trading pairs such as USDT, BNB, FDUSD, and TRY. In addition, Binance also launched the HODLer airdrop program.

This is a program that provides PENGU tokens to BNB holders who participate in the Simple Earn program from December 9 to 12. Participants who qualify receive the PENGU token one hour before trading starts, adding large liquidity to the market.