In a notable development, a savvy cryptocurrency whale has made a substantial investment in $PENGU, exchanging 500,000 $ai16z tokens
A cryptocurrency whale has made a large $PENGU purchase. The whale exchanged 500,000 $ai16z tokens ($412,000) for the meme coin two hours ago.
This follows the whale banking a $9.5 million profit from their $ai16z holdings.
The whale initially invested $1.15 million in $ai16z, receiving 14.08 million tokens. They sold 7.87 million tokens for $5.57 million, leaving them with 6.21 million $ai16z tokens, now valued at $5.08 million.
The whale's total $PENGU investment now stands at $2.47 million over the last eight days, amassing 79.9 million tokens. This has already generated an unrealized profit of $835,000.
$PENGU has risen to become the largest meme coin on Solana within nine days of launching. Surpassing $BONK in size, the community-driven nature of $PENGU is set to be propelled by memes and hype.
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