Pudgy Penguin Token Launches At $2 Billion Valuation, Could Land ‘Between Shiba Inu And Dogecoin,’ Trader Says
Posted On December 17, 2024
The newly-launched Pudgy Penguins (CRYPTO: PENGU) token has been listed on Binance, prompting speculation that it could soon join the ranks of the top meme coins.
What Happened: According to Lookonchain data, a savvy trader made $8.4 million profit by trading PENGU in under 20 minutes.
At launch, the trader spent 23,742 SOL ($5.36 million) to purchase 239.6 million PENGU tokens, later selling them for 60,726 SOL ($13.72 million), netting a massive gain of 36,984 SOL.
In stark contrast, another trader experienced a devastating loss. By making a poorly timed trade on PENGU, they managed to turn $10,000 into a mere $5 in just …
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