2026-01-07 02:23:31

A Meme coin within the Solana ecosystem themed around the "114514" meme has recently experienced intense volatility. According to on-chain data tracking, this coin has suffered a significant decline in the past 24 hours — its market capitalization dropped from a high of nearly $60 million to less than $4 million, a decline of over 93%.

During this rapid decline, a new address investor attempted to buy the dip. This user invested $245,000 during the price drop, seemingly trying to catch the bottom against the trend. However, after holding the position for just over ten hours, the unrealized loss on the account had already reached 85%, and the account now has a theoretical value of only about $360,000. This case once again reminds market participants: the high volatility and low liquidity risks of Meme coins mean that even seemingly "bargain" prices can turn into larger loss traps.

MEME-0,47%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
6
Repost
Share

Comment

0/400

just_another_wallet

· 01-09 16:32

Buying the dip turned into a cut-loss, this is the daily life of meme coins haha

View OriginalReply0

DegenMcsleepless

· 01-09 11:37

Buying the dip all the way to the top, this brother is really a brave warrior Oh my, this decline, 93% within 24 hours, this is truly daily life in the crypto world Invested over $245,000 and in just a few hours it’s down 85%, I feel for him Meme coins are like this, looking cheap but actually the most money-burning I have to give this guy five stars for his courage, but unfortunately he chose the wrong time Another textbook-level negative example has appeared This meme coin with the 114514 meme can fall like this, truly incredible Missed the chance to buy low and ended up being bought instead, this is Solana’s style

View OriginalReply0

CryptoCrazyGF

· 01-07 02:52

$245,000 was invested and in just about ten hours, 85% was gone. This guy is really a brave warrior... Meme coins are really, the cheaper they are, the more dangerous, understand? I won't even comment on this coin 114514, it dropped 93%... so刺激 Doubled down halfway up the mountain, classic move This is why I only dare to play mainstream coins, Meme coins are too刺激 to handle Watching $245,000 just evaporate like that, oh my god A textbook-level negative example, recommended for highlighting It's really just greed that kills people, nothing new Low liquidity + high volatility = money, why are people still rushing in? Another "I'm a bottom-fishing expert" crash scene, haha Where is this brother's stop-loss awareness? Or did he never think it would turn out like this? Drop 93% in one day, I was stunned... Is the Solana ecosystem this刺激? Memecoin stuff is not close to me, once you play, you have to accept zeroing out

View OriginalReply0

BearMarketMonk

· 01-07 02:52

Bottom-fishing often means catching the knife.

View OriginalReply0

GateUser-44a00d6c