PengU Token Becomes The Target Of Crypto Whales

JAKARTA Token PENGU, a crypto asset affiliated with Pudgydes' NFT collection, seems to be the target of big investors or crypto whales. On Thursday 26 December, the price of PENGU had risen from 0.0362 US dollars (Rp586) to 0.043 US dollars (Rp696).

The increase could not be separated from the whale action that accumulated the PENGU. The market capitalization reached 2.5 billion US dollars (Rp 40.5 trillion). This makes the PENGU token one of the biggest memecoins.

On-chain data show the whales exchanged 500,000 tokens of 412,000 US dollars (Rp 6.68 billion) with PENGU. In the last eight days, they invested 2.47 million US dollars (Rp40.01 billion) for 79.9 million tokens, earning a potential profit of 835,000 US dollars (Rp13.53 billion).

Another whale that received 116.7 million download tokens increased ownership. The initial token was worth 394,000 US dollars (Rp 6.38 billion), now to 4.4 million US dollars (Rp71.28 billion). They also bought an additional 34.42 million tokens worth 1 million US dollars (Rp 16.2 billion), bringing the total ownership of 151 million tokens.

PENGU Is Increasingly Popular

Selai itu, token PENGU juga terdaftar di platform perdagangan kripto asal Korea Selatan, Bithumb. Ini mempermudah investor Korsel untuk mengakumulasi token tersebut. CEO Pudgy48es, Luca Netz, memperluas komunitas global melalui acara 'Pudgy things Christmas Huddles' di Asia.

After his debut on December 17, PENGU jumped 500% to US$0.05738 (Rp929), the price of PENGU had fallen 55% to US$0.031 (Rp502) in 24 hours. Over the past week, these tokens have stabilized at US$0.033 to US$0.039 (Rp534-Rp631).

The PENGU surpassed 500,000 holders on December 22. Although the memecoin market fell 5% that day, the PENGU still showed a strong appeal among the crypto community.