The altcoin PUNDU launched by DAOMaker caused serious loss to an investor who bought quickly.
According to the on-chain analysis account Lookonchain, an investor who set out with the enthusiasm of quick buying hit a hard rock.
After PUNDU was opened to trading, the investor who bought quickly lost 721,000 Solana worth $138,000 in 35 minutes.
The trader had withdrawn 1,535 Solana from Binance shortly before the opening of PUNDU trading. However, as soon as the trading started, he bought in 2 minutes using 1,485 SOL and fell victim to the price drop.
The sharpshooter trader panicked and made a sale to save 764 SOL.
If the investor had not sold, his money would continue to lose value.
According to DEXtools data, PUNDU is trading at $0.04662 at the time of writing.
