$Pnut Sold At $697 Instead of $17.5M In Crypto Trading
The alleged crypto trader invested 8 $SOL, worth around $1,366, and bought 19.4M $Pnut tokens. The token was launched recently but faced consolidation right after its launch. The trader must have believed that the $Pnut token was the right crypto trading opportunity, but it lasted shortly, as the trader ended up selling the tokens only for 4.08 $SOL, equivalent to $697.
However, this was the wrong decision as the Peanut the Squirrel token price began to rise with the crypto market bullishness. Most importantly, Binance’s Spot Listing pushed the token immediately, and the price grew by 250%. With that, the Lookonchain, an analytics platform, has analyzed that the same 19.4M tokens are worth $17.5M, revealing the biggest missed opportunity.
“The price of $Pnut surged by 100%!
The 19.4M $Pnut this guy sold at a loss of $669 is now worth over $17.5M!
He spent 8 $SOL($1,366) to buy 19.4M $Pnut and sold for 4.08 $SOL ($697).
He must be regretting selling too early, especially with a $669 loss on $Pnut”
Lookonchain (@lookonchain) November 13, 2024
Meanwhile, another trader made $3M within 1 hour as he analyzed the market trends correctly. More importantly, the crypto trader started and ended the trade at the right time, making his trade successful. It indicates why crypto trading strategies are important and why traders should avoid the ‘What if moment’ in trading. However, it is also understandable that everyone has doubts, but working with a set goal and ignoring the panic selling situation is a must.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source x post.
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