A trader turned $10,000 into $5 in seconds buying PENGU 🐧

On Dec 17, a trader tried sniping PENGU tokens early using Jupiter aggregator before the official launch. However, their trade went to the wrong liquidity pool on Raydium DEX due to either a misconfigured bot or manual error.

Since the pool had almost no liquidity, PENGU’s price skyrocketed, briefly boosting its market cap to $14 trillion 🌌. The trader ended up paying $10,000 in SOL for 78 PENGU, worth just $5 post-trade. Ouch! 😬