CandleFocus Trader Buys Peanut inspired PNUT in $17, Sees 12000x Profit
2024-11-04
Author: Content Editor
A trader made a significant profit of 12,000 times their initial investment after buying 2.46 million PNUT for $17. They then sold 2.23 million PNUT for $196,000 and still hold 226,000 PNUT. Another trader bought 19.4 million PNUT for $1,392 but lost money when selling them for $711, despite their value increasing to over $1.85 million. PNUT, a memecoin, has seen a 35% dip in the past 24 hours and is currently trading at $0.05135. The popularity of PNUT stems from the seizure and euthanasia of a pet squirrel named Peanut, which caused controversy and was criticized by Elon Musk. Analysts predict the frenzy around PNUT will dissipate after the US election results are announced and the squirrel's death controversy settles.
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