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.

New data shows that Tether’s pre-tax income is now comparable to the profits of giants like American Express and Morgan Stanley. The company serves over 400 million users worldwide and continues to strengthen its position as the issuer of the largest stablecoin globally.