According to data from blockchain monitoring platform Lookonchain, on January 24, a trader purchased 16.5 million PENGUIN tokens for 6 SOL (approximately $867) and shortly sold the entire amount, gaining 6.12 SOL (around $886), resulting in a mere profit of 0.12 SOL (about $18).
While this trade may seem insignificant, it highlights a major opportunity cost. The data shows that the token’s price surged shortly after, and if the trader had held, they could have gained up to $1.4 million in profit. This incident serves as a reminder that short-term moves can lead to missing out on long-term gains.
Key Figures Overview
- Initial Investment: 6 SOL (~$867)
- Token Amount Purchased: 16.5 million PENGUIN
- Sale Proceeds: 6.12 SOL (~$886)
- Actual Profit: 0.12 SOL (~$18)
- Missed Opportunity: Up to $1.4 million
This case has sparked discussions across the crypto community about investment strategies, especially in today’s volatile market, where patience and long-term thinking are more crucial than ever.