A trader recently turned a mere $16 investment into $3 million by investing in the Peanut the Squirrel (PNUT) meme coin. The trader purchased PNUT on October 31, 2024, when its market cap was approaching $10,000. Within just two weeks, the coin's market cap skyrocketed to over $2 billion, driven by viral social media attention surrounding a pet squirrel, which became a sensation after news of its seizure and euthanasia broke. Elon Musk's involvement and significant media coverage further fueled interest in the coin. The trader began taking profits after PNUT was listed on a major exchange. Through methodical selling over a span of 16 hours, the trader ultimately realized their mega profit, showcasing an incredible example of luck and timing in the volatile crypto market. Despite their newfound wealth, the trader continues to engage in low-cap token investments on the same trading platform, suggesting ongoing enthusiasm for crypto trading.

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