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Whale Acquires $3.52M in $PENGU Tokens, Driving Market Cap to $2.38 Billion with 151.12M Total Holdings

Dec 26, 2024, 03:19 AM

A notable whale in the cryptocurrency market has recently made headlines by acquiring a substantial amount of the Solana-based memecoin $PENGU. Initially receiving an airdrop of 116.7 million $PENGU, valued at approximately $3.52 million, the whale further invested 5,250 $SOL, equivalent to about $1 million, to purchase an additional 34.42 million $PENGU tokens. Following this transaction, the whale's total holdings of $PENGU rose to 151.12 million, now valued at around $5.08 million. This surge in activity coincides with a significant price increase for $PENGU, which has risen 30.27% in the last 24 hours, reaching a price of $0.03605. Furthermore, $PENGU has recently surpassed its competitor $WIF in market capitalization, becoming the largest memecoin on the Solana blockchain, with a market cap of approximately $2.38 billion. Analysts are now eyeing a potential market cap of $10 billion for $PENGU as it continues to gain traction in the crypto market.