The world of crypto trading is full of ifs and buts, but more importantly, it is full of profits and losses. In some situations, the entire market feels joy or disappointment with these ups and downs. One such incident is this crypto trader, who sold his $Pnut token holding too early at $697 when it is worth $17.5M today. Not only did the trader lose the opportunity, but he also faced a significant loss in his investment.
$Pnut Sold At $697 Instead of $17.5M In Crypto Trading
The alleged crypto trader invested 8 $SOL, worth around $1,366, and bought 19.4M $Pnut tokens. The token was launched recently but faced consolidation right after its launch. The trader must have believed that the $Pnut token was the right crypto trading opportunity, but it lasted shortly, as the trader ended up selling the tokens only for 4.08 $SOL, equivalent to $697.
However, this was the wrong decision as the Peanut the Squirrel token price began to rise with the crypto market bullishness. Most importantly, Binance’s Spot Listing pushed the token immediately, and the price grew by 250%. With that, the Lookonchain, an analytics platform, has analyzed that the same 19.4M tokens are worth $17.5M, revealing the biggest missed opportunity.
The price of $Pnut surged by 100%!
The 19.4M $Pnut this guy sold at a loss of $669 is now worth over $17.5M!
He spent 8 $SOL($1,366) to buy 19.4M $Pnut and sold for 4.08 $SOL ($697).
He must be regretting selling too early, especially with a $669 loss on $Pnut.… pic.twitter.com/3NKC0TMBZL
— Lookonchain (@lookonchain) November 13, 2024
Meanwhile, another trader made $3M within 1 hour as he analyzed the market trends correctly. More importantly, the crypto trader started and ended the trade at the right time, making his trade successful. It indicates why crypto trading strategies are important and why traders should avoid the ‘What if moment’ in trading. However, it is also understandable that everyone has doubts, but working with a set goal and ignoring the panic selling situation is a must.
How is $Pnut Token Performing Today?
Like many popular Solana meme coins, Peanut The Squirrel has also turned out profitable, as the price has grown by 1569.41% since its launch. More importantly, it is still bullish and is at $0.8975 after a 76% surge in the last 24 hours and 690% over the week. This came after the demand for the token grew suddenly, and its trading volume grew to $1.71B after a 32% surge. With that, the token market ranking has also increased, as the market capitalization has surged to $900.65M, placing at the 82nd rank in the crypto market.
As a result, the crypto trader’s holding turned from $697 to $17.5M. Only, if he had HODL, he would have become a crypto trading millionaire today, like many traders who did.
The post The biggest crypto trading loss: Traders $697 Could Have Been $17.5M If He Kept HODL appeared first on CoinGape.
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