{"id":141289,"date":"2024-11-03T20:00:32","date_gmt":"2024-11-03T18:00:32","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141289"},"modified":"2024-11-03T15:28:15","modified_gmt":"2024-11-03T13:28:15","slug":"crypto-whale-faces-over-1-million-loss-after-premature-sale-of-this-memecoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-whale-faces-over-1-million-loss-after-premature-sale-of-this-memecoin\/","title":{"rendered":"Crypto Whale Faces Over $1 Million Loss After Premature Sale of This Memecoin"},"content":{"rendered":"

Recently, data from Lookonchain<\/a> <\/strong>highlighted a notable incident involving a whale who incurred over $1 million in losses by prematurely selling a newly launched memecoin called Pnut, just before its value skyrocketed.<\/p>\n

The data indicates that this whale sold 19.1 million Pnut tokens at a loss of $1,099. At the time of this report, those tokens were valued at approximately $1.6 million.<\/p>\n

Initially, this investor purchased the tokens for 11 SOL<\/a><\/strong>, which amounted to around $1,882, but managed to retrieve only 4.57 SOL, or about $783, upon selling. This resulted in a total loss of $1,099.<\/p>\n

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Read More:<\/h5>\n \n
\n \n \n <\/span>\n <\/div>\n
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Ripple’s Q3 Growth Driven by Surge in XRP Trading and Institutional Interest<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

This hasty decision may have stemmed from the investor\u2019s anxiety following a sudden downturn in the memecoin market, which is known for its volatility.<\/p>\n

With a total supply of 999 million Pnut tokens, the whale once owned about 1.6% of the entire supply. Currently, the overall market capitalization of the Pnut token stands at approximately $63 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Whale investors in the cryptocurrency market are often at the center of attention, as their actions can lead to substantial gains or, conversely, significant losses due to poor decisions.<\/p>\n","protected":false},"author":9,"featured_media":38248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"coin_category":[],"class_list":["post-141289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"\nCrypto Whale Faces Over $1 Million Loss After Premature Sale of This Memecoin<\/title>\n<meta name=\"description\" content=\"Whale investors in the cryptocurrency market are often at the center of attention, as their actions can lead to substantial gains or...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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