PNUT Surge Yields Whale $25.1 Million Profit

user avatar

by Giorgi Kostiuk

2 years ago

The PNUT token surged 90% in the past 24 hours, significantly benefiting one of its largest holders.

PNUT Growth and Implications

Following the rise of Bitcoin post-2024 US elections, PNUT also saw a substantial price increase. The meme token rose by 90% in a day, securing the 80th rank. According to CoinMarketCap, PNUT's price hit $0.9087, marking a 837.39% increase over the past seven days.

Whale's Moves

A top PNUT holder, referred to as a whale, earned $25.1 million from investments in this token. The whale purchased PNUT on November 3 and recently sold 4.28 million tokens for 7,850 SOL, worth over $1.6 million. This was the wallet's first sale move since the purchase. The whale still holds 27.05 million PNUT.

Current Market Scenario

In the last 30 days, PNUT has shown remarkable growth, climbing 1617.36%. After reaching a new all-time high of $0.9745, the token is now 6.6% lower.

PNUT's rise has caught market attention, providing substantial profit to a major investor and highlighting the potential of meme tokens in the crypto sphere.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Solana Ecosystem Tokens Outperform Broader Altcoin Market

chest

Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

chest

Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

Securitize Enhances Tokenization Framework for Public Equities

chest

Securitize has enhanced its framework for tokenizing public equities, contributing to the integration of traditional assets into blockchain infrastructure.

user avatarTando Nkube

Significant Surge in Dogecoin Network Activity

chest

Significant surge in Dogecoin network activity with a 35% rise in active addresses and daily transactions exceeding 12 million.

user avatarKofi Adjeman

XRP Ledger Reaches 3 Billion Transactions Milestone

chest

The XRP Ledger has achieved a remarkable milestone by crossing 3 billion cumulative transactions.

user avatarNguyen Van Long

Cardano's Blockchain Verification Infrastructure Deployed by Major Retail Group

chest

A major retail group has successfully deployed blockchain verification infrastructure built around Cardano's ecosystem, enhancing the verification of authenticity, origin, and sustainability claims within supply chains.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.