💥💥One Signal Was Enough for Meme Coin Investor to Become a Millionaire: Still Not Selling! 💥💥
Following the listing announcement of Peanut the Squirrel (PNUT) on Binance, the world's largest cryptocurrency exchange, a whale investor earned $2.2 million.
According to Lookonchain data, immediately after Binance announced that it would list PNUT, the price of PNUT increased by over 1300%. In the period following this announcement, an investor spent a total of $721,000 to purchase 1.92 million PNUT, purchasing each token at $0.38.
This investor still holds the PNUTs he purchased, and the current value of his investment, unrealized profit, exceeds $2.2 million. The whale has not sold yet and continues to hold the tokens it has purchased.
While Binance listings are generally known to cause sudden price increases in the market, this sharp increase in PNUT has caught the attention of investors.
This huge increase in the price of PNUT has once again revealed how powerful an impact exchange listings have in the cryptocurrency world. Analysts stated that the listing of new tokens by major exchanges like Binance could create similar major movements in the market.
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