A savvy trader diving into the meme coin scene has scored an impressive $1.77 million profit on $Pnut within just two days.
Despite only starting his meme coin trading journey 15 days ago, this trader has actively bought and sold 62 different tokens, maintaining a win rate of 43.55%.
This #MEMEcoins hunter made ~$1.77M profit on $Pnut in just 2 days!
This trader started trading #MEMEcoins 15 days ago and has traded 62 tokens with a win rate of 43.55%.
He caught $Pnut, $HIMA, $ProjectSid and $RIPETH, and has realized a profit of $955K in just 15 days!… pic.twitter.com/4cejoUTphN
— Lookonchain (@lookonchain) November 2, 2024
The trader’s notable wins include tokens like $Pnut, $HIMA, $ProjectSid, and $RIPETH, raking in a combined profit of $955,000 in under two weeks. His quick gains have been impressive, yet one particular trade stands out as a missed opportunity.
Trader Missed Out On $PNUT Pump After Early Sell-Off
Having initially purchased 19.1 million $Pnut tokens for 11 SOL (around $1,882), he later sold his position for 4.57 SOL ($783), incurring a loss of $1,099. However, the value of those same 19.1 million $Pnut tokens has since soared to over $1.6 million—a massive upside he missed by selling too soon. In hindsight, it’s likely a tough pill to swallow for the trader, who could have reaped even greater profits had he held onto his $Pnut position a bit longer.
The 19.1M $Pnut this guy sold at a $1,099 loss is now worth more than $1.6M!
He spent 11 $SOL($1,882) to buy 19.1M $Pnut and sold for 4.57 $SOL ($783), with a loss of $1,099.
He must be regretting selling too early, especially with a $1,099 loss on $Pnut.… pic.twitter.com/5O5zSEzvj8
— Lookonchain (@lookonchain) November 2, 2024
Despite this one mistimed sale, the trader’s impressive profits from other meme coin plays highlight his successful strategies in the high-risk, high-reward world of meme coins. His experience demonstrates both the potential for substantial returns and the unpredictability of this volatile market segment. As meme coin mania continues, traders like this one serve as a reminder of the rewards and risks in chasing the latest crypto trends.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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