Trader Turns $450k to $8M
Since the launch of Solana (SOL)-based Peanut the Squirrel (PNUT), the memecoin has risen more than 13,000 times in less than two months. The mid-cap memecoin, which has a fully diluted valuation of approximately $1.38 billion and average daily trading volume of approximately $1.94 billion, recently gained mainstream adoption after being listed on the Binance cryptocurrency exchange.
Additionally, the PNUT token has attracted over 72,000 on-chain holders thanks to over $20 million in deep liquidity on different Solana-based DEXs led by Raydium and Jupiter.
Lucky PNUT Trader exits via Binance
Based on on-chain data analysis Guan Lianone lucky memecoin trader spent 2,717 SOL units, worth approximately $450,000, to purchase $6.16 million in PNUT on November 5, 2024. After the Meme coin was listed on Binance in mid-November, its underlying value soared more than 17 times in the following weeks, trading at around $1.36 during the London session on Friday, December 6.
As a result, this lucky trader made a profit of nearly $8 million on the Binance exchange earlier today. Currently, this lucky trader holds primarily 7.8 million Zerebro (ZEREBRO) AI memecoin, worth approximately $2.9 million.
squirrel war
The recent rise of the PNUT memecoin has been met with backlash from the squirrel’s original owner, who was allegedly killed by the U.S. government. Squirrel Daddy has backed a Solana meme coin called JFP (Peanut Justice), which has made significant gains over the past 24 hours.
According to on-chain data from Dexscreener, at the time of writing, the JFP price has increased more than 10 times in the past 24 hours and is trading at around $0.0124. This small-cap memecoin has a fully diluted valuation of approximately $12 million, locked liquidity of approximately $479,000, and average daily trading volume of over $10 million.
