Solana

FRED

Peanut the Squirrel

<p>In an extraordinary display of trading expertise, a crypto whale has earned $16.8M in unrealized gains. As per Lookonchain, a popular on-chain analytics firm, the whale invested in $FRED and $Pnut to pocket $16.8 million within seven days. The on-chain analytics provider revealed this development on its official social media account.</p><h2 id="header-0">Crypto Whale Gets $16.8M in Profit over Seven Days after Making a Heavy Investment</h2><p>Lookonchain pointed out that these profits result from a heavy investment that the whale made back on the 6th of November. On that day, the whale leveraged <a href="https://blockchainreporter.net/price-prediction/solana-price-prediction/" rel="noopener noreferrer nofollow">Solana ($SOL)</a> as the chief currency for crypto trades. The whale first developed an exclusive wallet and deposited a huge amount of $SOL tokens for high-stake purchases. Following that, he spent up to 11,582 $SOL (equaling $2.14M) to purchase 17.35M $Pnut tokens at a per-coin price of $0.12.</p><p>This bold decision has earned remarkable unrealized gains of almost $14.18M, signifying a massive price spike in $Pnut throughout the week. Moreover, the whale used 3,550 $SOL (approximately $657,000) to get 68.97M $FRED coins at $0.0095 as the average price. The respective investment yielded $2.65M in unrealized gains despite being minor in scale. Cumulatively, both trades place the unrealized profit of the whale to a massive $16.8M within days.</p><h2 id="header-1">The Incident Discloses Crypto Sector’s Potential for Big Returns and Volatility</h2><p>According to <a href="https://lookonchain.com/" rel="noopener noreferrer nofollow">Lookonchain</a>, these swift gains highlight the crypto market’s potential for substantial returns and volatility. It also reminds the community of the likely financial risks dealing with analogous high-stakes moves.</p>

Crypto Whale Generates $16.8M Profit within 7 Days from $FRED and $Pnut Investments

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