In a surprising turn, Solana-based memecoin $PNUT recently overtook stablecoin $USDT in 24-hour on-chain trading volume, highlighting its growing popularity in the Solana ecosystem. However, one high-profile whale’s heavy investments in $PNUT and other Solana-based tokens, $FRED and $OPK, have led to significant losses. Over the past three days, this whale invested 13,642 SOL (valued at approximately $2.22 million) across these tokens. Despite the ambitious bets, the whale’s portfolio now reflects a substantial loss, currently down around $1.44 million. 🚨 NEW: Solana-based memecoin $PNUT (@pnutsolana) flips stablecoin $USDT in 24-hour onchain trading volume. pic.twitter.com/0xUrKNXT2D — SolanaFloor (@SolanaFloor) November 4, 2024
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