A fortunate crypto dealer scored a huge return after investing early within the new native asset of a non-fungible token (NFT) undertaking constructed on Solana (SOL).
The market analytics platform Arkham Intelligence notes that somebody purchased solely $6 price of PENGU, the brand new utility token for the NFT undertaking Pudgy Penguins, then added it to the Solana-based decentralized change (DEX) Raydium (RAY) paired with $1100 price of SOL.
Explains Arkham,
“A number of customers making an attempt to snipe PENGU’s launch swapped into his pool, and purchased tokens at extremely unfavorable costs – incomes him a revenue of $87,000 in SOL and PENGU from this place.”
Binance listed PENGU for buying and selling on Tuesday after the undertaking’s airdrop on Monday. The token, which is already the 68th-ranked crypto asset by market cap, is buying and selling at $0.0383 at time of writing and is up almost 12% prior to now 24 hours.
Pudgy Penguins introduced earlier this month that it deliberate to launch PENGU on the Solana community.
“With PENGU, the thousands and thousands of Pudgy Penguin followers and the lots of of thousands and thousands of individuals exterior of crypto that see and share the Pudgy Penguin day by day lastly have the chance to align themselves with the character…
PENGU could have a complete provide of 88,888,888,888 and can launch on Solana.”
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