In the past 24 hours, a major cryptocurrency investor conducted important trades in the market. Onchain Lens shows that the whale deposited a total of $9.5 million made up of 400.1 million $PENGU into a new account. By transferring funds into a new wallet the whale proves the plan to maintain $PENGU token holding.
In the past 24 hours, a whale has deposited 400.1M $PENGU worth $9.5M
In total, the whale has withdrawn from #Binance and bought 581.96M $PENGU worth $15.87M. Overall, the whale has sold 71.96M $PENGU for $1.93M
Currently, it holds 110M $PENGU worth $2.62M in two wallets.… https://t.co/kjzTcq3LWw pic.twitter.com/vTp5H1xKE7
— Onchain Lens (@OnchainLens) January 22, 2025
Investor Shifts 110M $PENGU Tokens Across Two Wallets
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.
The wallet is 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. The whale appears to be managing their money themselves.
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 worth $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 pretty little bit.
Whale’s Trades Highlight Market Influence of Big Crypto Investors
Big investors can heavily impact market trends so their trading decisions become important market signals. This trader monitors market movements to find trading opportunities that bring returns. The whale’s investment moves help observers determine their effect on $PENGU pricing.
Onchain Lens data indicates that big investors like this whale control cryptocurrency market trends. Tracking major trades reveals why investors need to keep track of large cryptocurrency transactions.
