Crypto Whale Loses $2.5 Million on Altcoin, Drops More Than 50% of Investment

A significant cryptocurrency whale recently experienced a substantial financial setback after selling a large portion of their altcoin holdings at a loss of over 50%. According to data from Onchain Lens, the whale transferred 427.79 million Pudgy Penguins (PENGU) tokens worth $2.48 million to Binance and OKX, resulting in a loss of $2.55 million. This move follows the whale withdrawing a similar amount approximately two months ago, leaving them with minimal holdings today.