Memecoins: Whale earns $56 million on PNUT token

You win PNUT! Despite the significant increase in bitcointhrill seekers remain loyal to the market memecoins. Just look how the PEPE token exploded by almost 80% in a few hours.after announcing its listing on Coinbase and Robinhood. Unlimited volatility that attracts increasingly greedy investors. Like this symbolic whale PUNT which has just achieved a total profit of more than 56 million dollars.

Key points of this article:

    • The PEPE token has seen a spectacular increase of almost 80% thanks to its listing on Coinbase and Robinhood.
  • At the same time, the memecoin trader is making a colossal profit of over $56 million with the PNUT token

Welcome to Noah’s Ark of memecoins

This article could begin with a warning as: “this experiment must be carried out respecting the necessary precautions”. But it is a highly volatile memecoin market. So the only rule is to have the courage to bear your losses unless you become one of his rare millionaires.

Because the rise of these empty tokens counts hundreds of thousands of copiesreproduced on the (block)chain on the Pump.fun platform. But only a small part of the elected representatives manage to cross the threshold of inclusion on a recognized platform.

Welcome to Noah's Ark of memecoins
The memecoin market resembles a digital Noah’s Ark

That doesn’t stop the most motivated traders from looking another mascot to add to their digital Noah’s Ark. With a principle as simple as it is risky: the sooner you enter the race, the the better the performance…if extinction doesn’t stand in the way.

A strategy recently implemented by the company already well stocked wallet. With an initial investment included memecoin PNUT linked to the scandalous – but apparently very lucrative – euthanasia of one of these small rodents. And the desire to come back with more power…

PNUT: very (very) profitable business

This story tells the adventure and the crypto trader landed in mid-October in the memecoin world with GOAT token. The first meeting highlighted by the X Lookonchain account, allowing him to make his first moves… and his first mistakes. With a a profit of $574,000 in the end anyway.

A deal that directs him to other options like a token FLAVIA. And this time the fiasco is total, with an initial investment $1.86 million which will quickly change $303,000 ! That means deadweight loss of $1.55 million.

PNUT: very (very) profitable business
Details of this merchant’s PNUT operations – Lookonchain

Instead of being discouraged, this persistent businessman makes up his mind go to memecoin PNUTafter his mention Elon Musk on network X The decision that will be at the beginning of a first success with profit 1.5 million dollars (for $15,500 invested). And here everything speeds up…

“From November 3 to 10, he invested approximately $2.8 million to accumulate a large amount of PNUT. It only started selling some of its profits when Binance announced its IPO on November 11. He currently holds 26.72 million PNUTs ($56.64 million), making him the largest individual PNUT holder with a total profit of over $56 million. »

Lookonchain

PUSH version of the moral memecoin this story was written by Lookonchain. Really, only 9 tokens selected by this trader turned out to be profitable, in total 39 purchased. With “success only 23% “. But two finally exceptional successes on PNUT and FRED chips. Recipe for success: arrive on time and leave when everyone arrives.

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