A crypto trader gained attention after turning a small stake into a huge paper profit in just two days. On-chain tracker Lookonchain reported that a wallet labeled 7fFCzx spent approximately $54,000 to purchase $15.94 million. $Penguin token.
Trader 7fFCzx spent $54,000 to buy $15.94 million $Penguin(Currently $793,000) Two days ago, you now have $739,000 in unrealized gains.
However, despite the profits $Penguinhe has yet to recoup his previous losses – his total profit and loss remains reduced by nearly $598,000.
He has made over 1,000 trades… pic.twitter.com/WModxltUUZ
— Lookonchain (@lookonchain) January 24, 2026
At the time of posting, these tokens were worth approximately $793,000. This means that the trader is sitting on an unrealized profit of approximately $739,000. This equates to approximately a 14x return on a single trade. The tokens involved are $Penguina Solana-based meme coin. It is inspired by penguin-themed internet culture and the NFT trend. This is not an official Pudgy Penguins token. Still, the hype and volume caused the price to rise significantly within a few days.
inside the victory $Penguin trade
Although the transaction itself was simple, it did come with risks. I bought a wallet worth millions of dollars. $Penguin Two days before the token skyrocketed. Shortly after, the price rose due to heavy trading activity. As momentum grew, the value of the position rose rapidly. The trader had not sold at the time of the report, so the profit remains unrealized. That is, the profits only exist on paper unless the tokens are sold.
$Penguin We are seeing significant trading volumes on Solana-based exchanges. Meme coins often move rapidly when social interest increases. As a result, early buyers can make significant profits in a short period of time. However, the same speed can have opposite effects.
Trader overall picture remains negative
Despite this big win, the trader’s overall performance looks weak. Lookonchain data shows that the wallet traded over 1,000 tokens over an extended period of time. Only about 14.55% of these trades were profitable. Even with a paper profit of $739,000. $Penguinthe trader’s total profit and loss was still down nearly $598,000. In other words, one lucky trade doesn’t erase past losses.
This highlights a common pattern in meme coin trading. A trader may be able to win big once. However, repeated small losses often outweigh the gains. Despite eye-catching screenshots of single transactions, many wallets end up in the negative over time.
Here’s what we say about the risks of meme coins
$Penguin This is a clear example of how extreme the volatility of meme coins can be. As the hype increases, prices can rise rapidly. At the same time, it can quickly collapse if attention fades. High trading volumes often make these pumps active, but they also close out quickly. This makes timing very difficult. Most traders fail to catch the top. Many people buy late and sell in a panic.
Meme tokens are still highly speculative. They offer an opportunity to make quick profits. But they also have a higher potential for loss. Data from this wallet shows that even a 14x win may not save a risky strategy in the long run.
Achieve flashy victories through tough lessons
this $Penguin Trade looks impressive on the surface. While the rise of $54,000 to nearly $800,000 in two days is remarkable, the broader record tells a different story. This trader is still running a large deficit despite having made hundreds of bets in the past. For watchers, the message is simple. Big wins do exist with meme coins, but stable profits are rare. On-chain success may seem exciting, but long-term survival is much more difficult.
