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Altcoin Market Surges Amid Election Buzz, With Major Whale Betting Big On $PNUT And $FRED

The election frenzy has set the altcoin market ablaze, with $PNUT seeing a remarkable 127% surge over the past 24 hours as results roll in.

This explosive rebound has notably impacted a mysterious whale investor, who recently spent 11,600 SOL on $PNUT, $FRED, and $OPK.

Thanks to $PNUT’s rally, the investor has significantly narrowed his floating loss from $1.48 million to just $183,000, inching closer to recouping his investment.

As of now, the whale’s profit and loss breakdown looks like this:
– $PNUT: Floating profit of $308,000
– $FRED: Floating loss of $291,000
– $OPK: Floating loss of $200,000

More Whales Makes Strategic Moves With $PNUT and $FRED Investment 

In a bold move, another investor has recently opened a new wallet and invested a hefty 15,132 SOL (approximately $2.8 million) to increase their holdings in $PNUT and $FRED. Within the last two hours, this wallet acquired 17.35 million $PNUT tokens at $0.12, spending 11,582 SOL ($2.14 million), and added 68.97 million $FRED tokens at $0.0095 for 3,550 SOL ($657,000).

Despite these aggressive buy-ins, the whale faces a total loss of around $905,000, having bought more $FRED and $OPK during a peak price surge:
– Spent 7,689 SOL ($1.37 million) on 16.77 million $PNUT, now down $108,000 (-8%).
– Spent 5,850 SOL ($1.04 million) on 104.48 million $FRED, now down $557,000 (-54%).
– Spent 2,240 SOL ($399,000) on 115.8 million $OPK, now down $240,000 (-60%).

With high stakes and fluctuating prices, this election-fueled market frenzy has shown both the promise and risk for investors diving into volatile altcoins.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.