Trader Misses Out on Over $1.6 Million Due to Hasty Token Sale

An unidentified user missed the chance to earn over $1.6 million on the PNUT token, as noted by analysts at Lookonchain.

The 19.1M $Pnut this guy sold at a $1,099 loss is now worth more than $1.6M!

He spent 11 $SOL($1,882) to buy 19.1M $Pnut and sold for 4.57 $SOL ($783), with a loss of $1,099.

He must be regretting selling too early, especially with a $1,099 loss on $Pnut.… pic.twitter.com/5O5zSEzvj8

— Lookonchain (@lookonchain) November 2, 2024

According to experts, the trader purchased 19.1 million PNUT for 11 SOL ($1882). He then sold all the tokens for 4.57 SOL ($783), incurring a loss of $1099.

At its peak, the value of 19.1 million PNUT exceeded $1.6 million.

“He must be regretting selling too early, especially with a $1099 loss on PNUT,” the analysts noted.

In March, the trader missed out on $1 million from the meme token BOME due to a hasty sale. In the same month, another user lost a potential profit of $4 million on mfercoin.

Back in September, a Solana trader managed to turn ~$80,000 into over $1.2 million on the meme coin AURA within weeks, before losing nearly all his gains.