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Cryptocurrency News Articles

Investor Shifts 110M $PENGU Tokens Across Two Wallets

Jan 23, 2025 at 12:30 am

This whale pulled out 581.96 million $PENGU coins from Binance, and at that time, they were worth $15.87 million. Following the sale, the whale exchanged 71.96 million $PENGU tokens for $1.93 million. The whale kept trading and moving the $PENGU coin through these big transactions.

Investor Shifts 110M $PENGU Tokens Across Two Wallets

A significant cryptocurrency investor has conducted several important trades in the past 24 hours, according to data from Onchain Lens.

The whale deposited a total of $9.5 million made up of 400.1 million $PENGU into a new account. This large transaction suggests that the whale is planning to maintain their $PENGU token holding.

The whale’s trades highlight the market influence of big crypto investors. This trader is closely monitoring market movements to find trading opportunities that will bring them returns. The whale’s investment moves will help observers determine how they are impacting $PENGU pricing.

The whale withdrew 400.1 million PENGU from Binance, which at the time was worth $9.5 million. In total, the whale withdrew and bought 581.96 million PENGU, which was worth $15.87 million. Overall, the whale sold 71.96 million PENGU for $1.93 million. Currently, it holds 110 million PENGU, which is worth $2.62 million in two wallets.

The whale pulled out 581.96 million PENGU coins from Binance, and at that time, they were worth $15.87 million. Following the sale, the whale exchanged 71.96 million $PENGU tokens for $1.93 million. The whale kept trading and moving the PENGU coin through these big transactions.

The wallet is still holding 110 million PENGU coins today, and their combined worth is $2.62 million. The whale split 110 million PENGU units among two separate wallets. It appears that the whale is handling their own money personally.

They used their new wallet for the first time to buy PENGU on Binance when it was December 24, 2024. The whale collected 519.99 million PENGU tokens in its wallet, which were valued at $14.72 million on the market During that buying period, the whale spent only $0.028 for every PENGU token obtained. When the whale bought PENGU, each share cost a very small amount.

Big investors can have a major impact on market trends, so their trading decisions become important market signals. This trader monitors market movements to find trading opportunities that will bring them returns. The whale’s investment moves will help observers determine their effect on $PENGU pricing.

Onchain Lens data shows how big investors, like this whale, control cryptocurrency market trends. Tracking major trades reveals why investors need to keep track of large cryptocurrency transactions.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on Jan 23, 2025