Follow Us @
Trader misses opportunity to profit US$17 million from memecoin
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
The world of cryptocurrency trading is full of “what ifs?” that hammer investors’ heads. For example, “what if I had bought Bitcoin (BTC) in 2010?” is a very common question, even more so after BTC approached US$90,000. However, one cryptocurrency trader felt one of those “what if?” in the skin of selling a memecoin too soon.
As a result, he gave up a profit that could reach more than US$17.5 million with the new market sensation, the PNUT memecoin.
The trader not only lost the opportunity but also faced a significant loss on his investment. Instead of becoming a millionaire, he had to settle for pocketing US$697. See this story.
The alleged cryptocurrency trader invested 8 Solana (SOL), worth around $1,366, and purchased 19.4 million PNUT tokens. The token was launched recently but faced consolidation shortly after its launch.
Trader “loses” profit of US$ 17.5 million with PNUT
The trader must have believed that the PNUT token was the right cryptocurrency trading opportunity, but the consolidation probably scared him away. Faced with difficult times, the trader took the loss and sold his PNUT 4.08 SOL, which corresponded to US$697 at the time of sale.
However, this later turned out to be a very poor decision, as the price of the token inspired by the squirrel Peanut began to rise as the market rose. Binance listed PNUT on its platform on Monday (11), which caused its price to rise by more than 250%.
With this, Lookonchain carried out a complete analysis of how much the trader failed to profit. If he had waited, the same 19.4 million PNUT purchased for just over US$1,300 are worth, at the current price, around US$17.5 million.
Meanwhile, another trader made $3 million in 1 hour by analyzing market trends correctly. Most importantly, this trader started and closed the trade at the right time, making his trade successful. This indicates why cryptocurrency trading strategies are important and why traders should avoid the “what ifs” in trading.
Like other memecoins, PNUT has also become profitable as the price has risen 1,569.41% since its launch. More importantly, the uptrend remains strong and the token is up 76% in the last 24 hours and 690% in seven days.
In other words, the memecoin cycle is still strong and favorable for those looking for new tokens. If the trader missed a golden opportunity with PNUT, other tokens offer even greater chances of return, as they are in their pre-sale phases.
Trader misses opportunity to profit US$17 million from memecoin
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
Trader misses opportunity to profit US$17 million from memecoin
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Trader misses opportunity to profit US$17 million from memecoin
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Trader misses opportunity to profit US$17 million from memecoin
