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From $6 to $87,000: Early PENGU Holder Scores Big on Solana-Based Memecoin: Arkham

Published

11 months ago

December 19, 2024

A fortunate crypto dealer scored an enormous return after investing early within the new native asset of a non-fungible token (NFT) mission constructed on Solana (SOL).

The market evaluation platform Arkham Intelligence notes that somebody purchased simply $6 price of PENGU, the brand new utility token for the Pudgy Penguins NFT mission, after which added it to the Solana-based decentralized trade (DEX) Raydium (RAY), combining it with $1100 price of SOL.

explains Arkham,

“A number of customers making an attempt to get their fingers on PENGU’s launch traded in his pool and acquired tokens at very unfavorable costs – netting him a revenue of $87,000 in SOL and PENGU from this place.”

Binance listed PENGU for buying and selling on Tuesday following the mission’s airdrop on Monday. The token, which already ranks 68th by market capitalization, is buying and selling at $0.0383 on the time of writing and is up virtually 12% within the final 24 hours.

Pudgy penguins announced earlier this month, the corporate introduced it was launching PENGU on the Solana community.

“With PENGU, the thousands and thousands of Pudgy Penguin followers and the a whole bunch of thousands and thousands of individuals outdoors of crypto who see and share the Pudgy Penguin every single day lastly have the possibility to attach with the character…

PENGU may have a complete provide of 88,888,888,888 and will probably be launched on Solana.”

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