PNUT Surge Yields Whale $25.1 Million Profit

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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.

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