A crypto dealer has caught consideration after turning a small stake into an enormous paper acquire in simply two days. On-chain tracker Lookonchain reported {that a} pockets labeled 7fFCzx spent about $54K to purchase 15.94 million $PENGUIN tokens.
Dealer 7fFCzx spent $54K to purchase 15.94M $PENGUIN($793K now) 2 days in the past and is now sitting on an unrealized revenue of $739K.
Nevertheless, regardless of the positive factors on $PENGUIN, he nonetheless hasn’t recovered his earlier losses — his whole PnL stays down almost $598K.
He has traded over 1,000… pic.twitter.com/WModxltUUZ
— Lookonchain (@lookonchain) January 24, 2026
On the time of the publish, these tokens had been price round $793K. Meaning the dealer is sitting on an unrealized revenue of roughly $739K. It equals a return of about 14 instances on one commerce. The token concerned is $PENGUIN, a Solana primarily based meme coin. Which is impressed by penguin themed web tradition and NFT traits. It’s not the official Pudgy Penguins token. Nonetheless, hype and quantity pushed its worth sharply larger inside days.
Contained in the profitable $PENGUIN commerce
The commerce itself was easy however dangerous. The pockets purchased tens of millions of $PENGUIN tokens two days earlier earlier than the token surged. Quickly after heavy buying and selling exercise lifted the worth. As momentum constructed, the worth of the place jumped shortly. The dealer didn’t promote on the time of the report, so the revenue stays unrealized. Meaning the positive factors exist solely on paper until the tokens are offered.
$PENGUIN has seen sturdy quantity on Solana primarily based exchanges. Meme cash typically transfer quick when social curiosity spikes. Consequently, early consumers can see sharp positive factors briefly intervals. However the identical pace can work in reverse.
The dealer’s greater image continues to be unfavourable
Regardless of this massive win, the dealer’s total report appears weak. Lookonchain knowledge exhibits the pockets has traded greater than 1,000 tokens over time. Out of these trades solely about 14.55% had been worthwhile. Even with the $739K paper acquire on $PENGUIN, the dealer’s whole revenue and loss stays down almost $598K. In different phrases, one fortunate commerce has not erased previous losses.
This highlights a standard sample in meme coin buying and selling. Merchants could hit one giant win. However repeated small losses typically outweigh these positive factors. Over time many wallets find yourself unfavourable regardless of eye catching screenshots of single trades.
What this says about meme coin danger
$PENGUIN is a transparent instance of how excessive meme coin volatility may be. Costs can leap quick when hype grows. On the identical time, they will collapse simply as shortly when consideration fades. Excessive buying and selling quantity typically fuels these pumps however quantity additionally brings quick exits. That makes timing very arduous. Most merchants don’t catch the highest. Many purchase late and promote in panic.
Meme tokens stay extremely speculative. They provide the prospect of fast earnings. But in addition they carry a excessive probability of loss. The info from this pockets exhibits that even a 14x win could not save a dangerous technique in the long term.
A flashy win with a tough lesson
This $PENGUIN commerce appears spectacular on the floor. Turning $54K into almost $800K in two days grabs consideration however the wider report tells one other story. The dealer continues to be deep within the crimson after tons of of previous bets. For watchers, the message is easy: massive wins exist in meme cash however regular revenue is uncommon. On-chain success can look thrilling and long run survival is way more durable.
