Analysts from Lookonchain noted that an anonymous trader missed the opportunity to earn over $1.6 million on the PNUT token.
The 19.1M $Pnut this guy sold at a $1,099 loss is now worth more than $1.6M!
— Lookonchain (@lookonchain) November 2, 2024
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
According to the specialists, the user purchased 19.1 million PNUT tokens for 11 SOL ($1882) but soon sold them for 4.57 SOL ($783), locking in a loss of $1099. Later, the value of his assets could have exceeded $1.6 million if he had waited for the token price to rise.
“Probably, he now regrets the hasty sale and the loss of $1099,” the analysts commented.
Similar cases have occurred before: in March, a trader lost $1 million due to an early sale of the BOME meme token, while another investor missed the chance to earn $4 million on mfercoin.
It’s worth noting that another Solana user recently turned an $80,000 investment into over $1.2 million on the AURA meme token, but ultimately lost almost all of the profit.
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