A trader lost $24.7 million due to frequent trading of PNUT Token

PANews reported on November 12th that, according to The Data Nerd’s monitoring, a trader made a profit of $10,800 on $PNUTToken through 7 trades with an initial capital of $1100. However, if the trader had simply held 51.27 million $PNUT instead of frequent trading, the potential return on the initial $1100 investment could have reached $24.7 million.