PNUT created crypto history when a lucky trader turned $16 into $14 million in two weeks. This meme coin on Solana’s blockchain became one of 2024’s biggest success stories, proving that small investments can sometimes lead to massive returns in cryptocurrency markets.

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From $16 to $14M: How PNUT Made a Lucky Trader a Millionaire

Initial Buy

A wallet labeled “6r3W” spent $16.20 on PNUT tokens on October 31. They bought on Pump.fun platform when the coin was worth just $10,000. The wallet sat untouched for ten days while most traders sold early. This patience would prove crucial as market events unfolded in their favor.

Price Explosion

The price shot up when New York officials seized Peanut the Squirrel. Elon Musk’s tweets about the incident sent the meme coin past $180 million. The story got bigger when the pet was put down over rabies concerns. Politicians jumped in, with Donald Trump commenting on the case. Each news headline pushed PNUT’s value higher, creating perfect selling opportunities.

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Smart Selling

The lucky trader’s first big break came with PNUT’s Binance listing. The price jumped 247% instantly. They sold $95,000 worth first, showing careful profit-taking strategy. Then came the news that the squirrel never had rabies. Public anger sent prices soaring again. The trader sold the rest as PNUT hit $2.2 billion market cap, timing each exit perfectly.

Aftermath

This $16 investment story spread across crypto markets, becoming legendary among traders. While the trader cashed out millions, they kept trading small amounts on Pump.fun. Their wallet shows they still buy new tokens daily, but none have matched their PNUT success. The story serves as a reminder of both the potential rewards and extreme risks in meme coin trading.

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