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A Savvy Trader Turns $6 Into $87,000 Trading Newly Launched PENGU Token
In a stunning display of market savvy, a trader has managed to turn a modest investment of just $6 into an astonishing $87,000 by trading the newly launched PENGU token. This incredible feat has left many in the crypto community stunned and eager to know more about the trader’s strategy.
According to Arkham Intelligence, the trader bought $6 worth of PENGU tokens before the main liquidity pools on Solana were activated. However, instead of holding onto the tokens, they made a shrewd move by adding the PENGU tokens to Raydium, pairing them with $1,100 worth of SOL.
The trader’s gamble paid off in spectacular fashion as numerous users attempted to snipe the newly launched token, resulting in many unwittingly swapping into their liquidity pool. This unforeseen consequence allowed the trader to profit handsomely from the market volatility.
As a result of this unexpected windfall, it appears that the trader will not be forgetting this trading experience anytime soon.
Source: coinpedia.org
