$PENGU
Current Price: 0.030372 (+24.85%)
How to lose $10k in seconds:
A trader tried to get clever by buying crypto right when the $PENGU token was listed on the decentralized exchange, Jupiter. However, due to low liquidity, he ended up with only 78 $PENGU tokens for his $10,000, which were worth about $5 ¯(ツ)/¯.
These traders are known as "snipers." They find the token contract before it's listed and use bots to buy tokens quickly, hoping to sell them for a profit once regular users start buying in. This time, the sniper failed and bought into a token with a massive market cap of $14 trillion.
