🚨A whale invested over $2 million in the new meme coins Peanut the Squirrel ($PNUT) and First Convicted Raccoon ($FRED) last week, however, the investment turned out to be very profitable.

The trader has seen significant accumulated profits, however, investors are currently on the hunt for the next promising meme cryptocurrency that could create riches, and Pepe Unchained ($PEPU) could be the one.

A mysterious whale has made a significant investment from a newly created wallet.

Data obtained from Lookonchain shows how a trader has transferred 15,132 SOL to a new wallet, worth $2.8 million, intended to invest in two other meme-type cryptocurrencies.

November 6 was when it all happened. Peanut the squirrel had been on the market for two days, while First Convicted Raccoon had been there for three days.

The whale made a risky move by investing $11,582 (equivalent to $2.14 million) in $PNUT and $3,550 (equivalent to $657 thousand) in $FRED.

It takes courage to invest a large amount of money in two unproven meme cryptocurrencies, however, as the saying goes, “money never sleeps.”

This enterprising individual took the plunge and achieved favorable results.

Following the investment, several events had a positive impact on the value of both meme cryptocurrencies. It is important to note that $PNUT was added to Binance on Monday, resulting in its price increasing by almost ten times.

According to Lookonchain's latest tweet about the situation, the trader has made a profit of $16.8 million, of which $14.18 million is invested in $PNUT