CandleFocus Crypto whale turns $3.46M into $1.83M, takes big hit after PENGU airdrop
2024-12-18
Author: Content Editor
The popular NFT collection, Pudgy Penguins, recently launched its token PENGU through an airdrop campaign. One investor turned a $1.6 million loss into a $4.8 million profit, while another investor lost $4.8 million. The losses are not entirely realized yet, as the losing whale still has PENGU valued at $369,000. On the other hand, another investor sold 177 million PENGU from the airdrop, earning $4.8 million. Despite missing out on potential gains, this investor still profited from the token. At the time of writing, PENGU is trading at a 8.5% gain from its launch price. This story highlights the potential gains and losses that can occur during token airdrops in the crypto market.
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