A crypto whale investor made a wrong decision by selling an altcoin called Pnut, resulting in a loss of over $1 million. The whale sold 19.1 million Pnut tokens at a loss of $1099, which amounted to a total loss of $1.6 million at the time. The whale had originally invested 11 SOL (approximately $1882) for the tokens but only received 4.57 SOL (around $783) when selling. The decision to sell was possibly due to panic caused by the sudden drop in memecoins, which are known for their risky nature. The whale held approximately 1.6% of the total token supply, which is valued at around $63 million.



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