A trader bought a Solana-based memecoin, Peanut the Squirrel (PNUT), for $16.20 two weeks ago. The token’s value skyrocketed, and the trader took profits over the next three days, pocketing $3 million. The token’s value continued to rise, reaching 530 million dollars. The trader then sold his tokens over 16 hours using dollar cost averaging, going from $16 to $3 million in less than two weeks.
Despite becoming a multi-millionaire, the trader is still investing in meme coins on Pump.fun.
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<p>The post Lucky Trader Turns $16 Memecoin Investment into $3 Million first appeared on CoinBuzzFeed.</p>
