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Investor Traderpow Stayed Calm and Ultimately Sold PENGU with a 60% Profit
Renowned crypto trader Traderpow acquired a large batch of Pudgy Penguins (PENGU) tokens eight months ago, investing over $2.47 million at an average price of around $0.026. Despite a sharp decline of nearly 80%, he did not panic-sell his digital assets. Eventually, the token’s value rose more than 60% above his entry point, prompting the trader to begin selling off his holdings. Four days ago, he exchanged PENGU for SOL and earned around $200,000 — and today, he secured another $200,000.
This move is notable against the backdrop of PENGU’s recent rally. The token is currently priced around $0.038–$0.04. In July, the cryptocurrency saw an explosive 338% monthly gain, driven by increased activity in the NFT sector and viral growth of the Pudgy Penguins brand. Originally launched in 2021 as a collection of 8,888 Ethereum-based NFTs, the project has since evolved into a full-fledged Web3 brand, featuring the PENGU token on Solana, the Pudgy World platform, and both gaming and physical products.
However, analysts are sounding the alarm: in recent days, the project team transferred large volumes of PENGU to centralized exchanges — around 206.9 million tokens (worth $8.9 million) — raising concerns about potential sell-offs and possible fraudulent behavior within the ecosystem.
Institutional interest in Pudgy Penguins is also growing: Canary Capital has filed an application with the SEC to launch an ETF that would hold 80%–95% in PENGU tokens and 5%–15% in Pudgy Penguins NFTs. As such, Traderpow’s strategy could be seen as a rational move to lock in profits at a market peak.
Still, an analysis of the project’s activity shows that PENGU is attracting attention from both retail and institutional investors, with the brand actively integrating into the broader Web3 infrastructure and media landscape. How the market reacts to the team’s token transfers will be a key factor in the asset’s future performance.
See also: "New U.S. Bill Proposes Including Crypto Assets in Mortgage Applications"
