It's every crypto degen's wet dream.

A lucky trader threw just $16.20 at a Solana meme coin only two weeks ago, letting it sit in their wallet for 10 days, watching the value of the token soar. The trader then began to slowly take profits over the next three days. When it was all said and done, they pocketed a whopping $3 million.

A Solana wallet starting with “6r3W” bought $16 worth of the Peanut the Squirrel (PNUT) meme coin on October 31 while it was still on token launchpad Pump.fun—a platform that allows anyone to create a token cheaply and easily, and that’s been responsible for the launch over 3 million new coins since the start of the year. At the time of purchase, PNUT had a market cap just shy of $10,000. 

Now two weeks later, the meme coin’s market cap has soared past $2 billion.