Invest 644 yuan and earn hundreds of millions of NT dollars in two weeks
One lucky cryptocurrency trader invested $19.80 (approximately NT$644) in a meme coin on the Solana blockchain in two weeks and ended up making more than $4 million (approximately NT$130 million) ), realizing the myth of instant wealth that many crypto enthusiasts dream of. The trader, whose wallet address begins with “6r3W,” purchased the Peanut the Squirrel ($PNUT) meme coin on October 31, when the coin’s market cap was less than $10,000.
Source: Solscan A netizen spent 644 yuan to buy $PNUT at the end of October and successfully obtained 130 million yuan
The market value of $PNUT currency soars, traders are holding on to the currency
$PNUT is a meme coin inspired by pet squirrels. The squirrel named Peanut, who had more than 500,000 followers on social media, drew widespread attention after he was confiscated and euthanized by New York state authorities. Even Musk said on X: "A squirrel and memes saved America!" It even became a political topic before the US presidential election. Vice President-elect JD Vance said at the time that Trump was "very concerned" about the matter.
Click here to read more stories about (Squirrel Internet celebrity Peanut).
Source: X Musk said squirrels saved the United States
During this period, the market cap of $PNUT climbed from $120 million to $180 million, but this lucky trader still chose to hold on to the coin, showing great patience and confidence.
Waiting until $PNUT became one of the first Pump.fun tokens to be spot traded on Binance, the price surged 247% in a matter of hours, reaching a market cap of $530 million the next day. At this point, the trader began to gradually sell his $PNUT.
Source: Solscan Netizens began selling their $PNUT after $PNUT was listed on Binance
Finally cashed out and staged a real-life version of "getting rich overnight"
As New York officials announced on Thursday (11/14) that Peanut did not have rabies, outrage on social media once again pushed the price of $PNUT coins up 390%, with the market cap soaring from $462 million to more than $2.2 billion. Taking advantage of this market trend, this lucky trader sold his $PNUT coins in batches within 16 hours, using the average cost method to reduce the impact of market fluctuations on returns. In the end, he turned his initial investment of 644 yuan into a fortune of more than 130 million yuan, achieving incredible gains.
Source: Solscan Netizens sold their $PNUT after New York officials announced that Peanut was not infected with rabies.
The wallet handles thousands of transactions per day, primarily betting on the buying and selling of low-market-cap tokens on the Pump.fun platform. Some of these investments produced good returns, but never reached the million level. Today, the trader is a billionaire, but judging from his recent wallet activity, he continues to invest small amounts of $SOL (Solana’s native token) into various meme coins of interest and does not appear to be interested. Stop trading because you suddenly get rich.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
"Super lucky coin speculator!" He spent 600 yuan to buy "this coin" and became a billionaire two weeks later." This article was first published in "Crypto City"
