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Trader Earns $20 Million on PENGU Token in 8 Minutes

Trader Earns $20 Million on PENGU Token in 8 Minutes

HappyCoinNewsHappyCoinNews2024/12/18 23:44
By:HappyCoinNews

Lookonchain experts found out that an unknown trader earned more than $8 million on the PENGU token in just 20 minutes. According to them, the investor earned money due to growth after the start of trading in the PENGU token.

So, the trader spent 23 in cryptocurrency Solana (SOL) worth about $5,36 million to buy 239,6 million coins. 20 minutes later, against the backdrop of the growth of the PENGU token rate, the investor sold the coins for 60,726 SOL (about $13,72 million).

Thus, the deal brought him 36 SOL worth about $984 million, analysts noted. They paid attention to the timing of the deal. Not every participant in the crypto community manages to calculate the time so accurately and earn so much money in just a few minutes, the experts emphasized.

The trader also showed interest in a number of other tokens, including SharkPengu, 777, Tuxie, SecretAI, CHML, FJO, and DING. The comments to the Lookonchain analysts' post sparked a discussion about how exactly the trader managed to make such a successful deal.

According to some users, the trader had insider information, thanks to which he was able to make a deal worth millions of dollars in such a short period of time. Others believe that in this case the investor was simply lucky, which sometimes happens in the crypto market.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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