CandleFocus Luckiest Trader Ever? From $16 to $3 Million in 2 Weeks on a Meme Coin
2024-11-14
Author: Content Editor
A lucky trader bought a meme coin called Peanut the Squirrel (PNUT) for just $16.20 two weeks ago. Over the course of 10 days, the value of PNUT skyrocketed, allowing the trader to slowly take profits and ultimately pocket $3 million. PNUT's market cap has surpassed $2 billion within two weeks. The meme coin gained popularity after a pet squirrel named Peanut was seized by New York state authorities and euthanized, causing outrage on social media. Elon Musk and Vice President-elect JD Vance also commented on the incident. PNUT's price spiked when it was listed on Binance, leading the trader to start selling their holdings. The coin's value surged even further when it was revealed that Peanut did not have rabies, and the lucky trader managed to fully capitalize on the price increase. Despite becoming a multimillionaire, the trader continues to engage in high-risk trading activities with other meme coins.
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