| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107340.7500000000 |
| ETH | $2438.0180000000 |
| BNB | $649.9543600000 |
| XRP | $2.1853200000 |
| ADA | $0.5611682000 |
| SOL | $150.0751000000 |
| DOGE | $N/A |
| DOT | $3.4058700000 |
| LTC | $86.7428000000 |
| LINK | $13.4217200000 |
Category: CRYPTO NEWS
The post Top $PNUT Holder Nets $56M—Here’s How He Did It appeared on BitcoinEthereumNews.com. Surprisingly, the largest $PNUT holder made 56 million. As widely shared in an in-depth analysis provided by the on-chain analysis blog Lookonchain, this trader’s experience highlights the importance of market timing, research, and swift response in the volatile world of cryptocurrency. The Rise of a $PNUT Millionaire According to Lookonchain’s data, this trader is currently the biggest single holder of $PNUT, with 26.72 million tokens worth around 56.6 million. The account, known as “Peanut the Squirrel,” also holds significant balances in other tokens and SOL, further positioning them as an important actor on the Solana blockchain. Here’s a breakdown of how this trader achieved such impressive gains. Starting with Mixed Results This journey wasn’t straightforward. The investor first undertook some exploratory investments in meme coins, starting off with a $GOAT investment on 16th October, but he often sold at a loss. Still, this $PNUT whale has 2.92M GOAT with a profit of 574.6K USD. Many nascent trades became profitable or unprofitable, as the holder sold uncovered holdings at times of minimum price while exposing the sensitive and random nature of the crypto market. Then, this trader moved to $Flavia and invested $1.86M for the only reason of fear of missing out. This trade gave him a loss of $1.55M, and he was able to make only $303K from this investment. Focusing on $PNUT: A Game-Changer Like most people, this trader works only out of the fear of missing out, and this time, he invested in $PNUT only because Elon Musk tweeted about this coin on November 2nd. Due to a tweet from Elon, the coin’s price greatly increased. However, due to the fear of losing money like in $Flavia, this investor only invested $15.5K in $PNUT and sold it hurriedly to gain a profit of only $1.5K. But from Nov…
2024-11-15T14:30:10+00:00
https://bitcoinethereumnews.com/tech/top-pnut-holder-nets-56m-heres-how-he-did-it/?utm_source=rss&utm_medium=rss&utm_campaign=top-pnut-holder-nets-56m-heres-how-he-did-it