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Crypto Whale Accumulates $14.72 Million Pengu Coins Amid Price Slump

Author: Content Editor
Summary:

A new whale in the crypto community has purchased a large amount of Pengu Coins (PENGU) from Binance, sparking curiosity among investors. The whale's accumulation of PENGU tokens suggests renewed confidence in the long-term potential of the cryptocurrency. Other investors have also been moving PENGU tokens to benefit their portfolios. The recent launch of PENGU on the Solana network resulted in significant price growth, with one trader making an $87,000 profit. Big investors have been diversifying their holdings by selling prominent meme coins like PEPE and buying emerging tokens like PENGU. However, many PENGU token holders have sold their coins due to wild price declines, highlighting the extreme volatility of crypto assets. Despite this, PENGU's price has increased by 19.2% in the last 24 hours, and it currently has a market cap of $1.92 billion. The native cryptocurrency of the Pudgy Penguin NFT collection, PENGU, has gained significant interest, and as smart investors seek new alternatives, PENGU could experience further price growth.

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