Elon Musk-Endorsed Peanut The Squirrel Surges 270% To $1.5 Billion Valuation: ‘Only More Wild Moves Ahead,’ Says Millionaire Trader
Peanut The Squirrel (CRYPTO: PNUT) has surged in both price and valuation, rewarding traders with substantial profits as it continues to attract attention.
What Happened: Analytics platform Lookonchain noted on Wednesday that one trader, who sold 19.4 million PNUT tokens for just 4.08 Solana (CRYPTO: SOL) (worth $697) at a $669 loss, missed a dramatic price increase.
PNUT surged after the sale, meaning the trader’s sold tokens would now be worth $17.5 million. Lookonchain highlighted the trader’s likely regret at the missed windfall.
Meanwhile, another whale pocketed an unrealized $16.8 million from PNUT and FRED trades in one week. This trader initially invested 11,582 SOL ($2.14 million) into 17.35 million PNUT tokens, netting an unrealized gain of $14.18 million, and added …
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