Crypto Trader Turns $6 into $87,000 with $PENGU Token
A crypto trader turned a $6 investment into $87,000 with the PENGU token, a cryptocurrency linked to the well-known Pudgy Penguin NFT system. This came after the token was launched yesterday, December 17, with a lot of demand reflecting inflated price change on exchanges like Binance and Solana-based platforms.
According to Arkham Intelligence, a trader bought $6 of PENGU before the official liquidity pool was set up. He combined his tokens with a total of $1,100 worth of SOL to create a special liquidity pool on Raydium when PENGU’s launch was announced.
Excited traders rushed into buying what they thought were the new tokens, unaware that this was a token swap into his pool. The…
