In one of the biggest crypto success stories, a lucky trader turned $16 investment into $14M profit within two weeks.
The success story is related to the PNUT token which has become massively popular in the last couple of weeks.
It all started on 31st October this year when a Solana wallet with address starting in “6r3W” purchased $16.20 worth of PNUT tokens. At that time, the token had a market capitalization of just over $10,000.
In the next few days, some events happened that propelled the token to astronomical heights.The token’s price started heating up when some New York officials seized Peanut,the squirrel and Elon Musk tweeted about this incident. His tweets sent the market capitalization of this token soaring to close to $200M.Later the officials put down the pet due to rabies concerns and this action resulted in massive uproar with even Donald Trump commenting on the case.
All these events helped creating massive buzz around the PNUT token.With the token being listed on Binance,its value soared to over $2B in market capitalization.As a result of massive increase in the value of the token,the lucky guy’s $16.20 worth of purchase became worth $14M in two weeks and he cashed out most of his holdings by selling the token when it was close to its peak value.
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