A crypto whale made headlines by acquiring $1 million worth of $PENGU tokens on Christmas Eve. It further fueled excitement around the controversial token’s steady price increase.
At the same time, the new meme coin Flockerz is drawing significant attention. It raised nearly $8 million through its presale to date, with less than a month left before its exchange listings.
$PENGU: From Launch Debacle to Price Surge to Whale Investments
$PENGU is a penguin meme-inspired cryptocurrency and the official token of the Pudgy Penguins NFT collection. It has become a market standout due to its dramatic comeback after a disappointing exchange listing.
Initially, the token faced market scrutiny as airdrop recipients dumped their holdings in the first couple of days post-listing. It caused the price to plummet. This selling pressure tested the project’s community and developers, but $PENGU’s bounce back has been remarkable.
Through a combination of marketing efforts and strong community engagement, the project has recovered and is experiencing a sustained rally. Its price has spiked from a recent low of $0.028 all the way up to $0.038. Thus, it experienced a 35% increase in just one day.
The latest milestone in $PENGU’s journey is a massive $1 million purchase by a crypto whale. It’s a move first reported by Lookonchain on X. This whale was also a part of the $PENGU airdrop. His wallet was credited with 116.7 million $PENGU worth $3.52 million.
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https://twitter.com/lookonchain/status/1871517121454501929
All the data provided by Lookonchain can also be confirmed by checking Solscan, Solana’s official blockchain explorer.
Investments of this size quickly draw attention from across the meme coin sector. Besides, such purchases typically indicate confidence in a project’s potential and have historically been followed by increased market interest.
As $PENGU continues to rise, its resilience and growing ecosystem position it as a project to watch in the meme coin niche – especially during the holiday season.
Flockerz is the Presale Meme Coin Introducing a Vote-to-Earn System to DAOs
While $PENGU’s price surge dominates headlines, the new bird meme coin Flockerz ($FLOCK) is also making waves in the presale market. The bird-themed meme coin has raised nearly $8 million to date, showcasing strong investor sentiment as it prepares for its exchange listing in under a month.
Flockerz is a community-driven platform that introduces the market to its new vote-to-earn platform, which rewards users and solves the problem of declining DAO user engagement at the same time.
Central to its ecosystem is Flocktopia, a decentralized autonomous organization (DAO) where every $FLOCK holder has a voice in the project’s direction. The platform enables that through a vote-to-earn mechanism, which rewards participants with (as mentioned above) additional $FLOCK tokens for their engagement in governance decisions. For detailed information on how Flockerz works, check out their whitepaper.
How Hard Is It To Double Your Money With Flockerz Token? (Not Hard)
Flockerz’s presale success stems from its innovative features and a clear roadmap. Apart from that, the project offers substantial rewards to its early investors, with staking rewards of up to 352%. However, it’s important to note that the staking rewards are dynamic, meaning that they drop over time as more investors stake their tokens.
As the project approaches its exchange listing, the community flocks toward securing its presale price as early as possible. Flockerz will end its presale in less than a month, after which the $FLOCK token will immediately get listed on an exchange.
To follow the project’s development, check out Flockerz on X and join its Telegram group.
