BlockBeats news, on December 13th, according to Lookonchain monitoring, a trader spent 198 SOL to buy meme coin rich when the price dropped. After he bought, the price experienced a big dump of 60%. In his panic, he dumped all at a price of 76 SOL, losing 122 SOL. When rich started to Rebound, the trader succumbed to fear of missing out, reinvesting 297 SOL. However, the price dropped by 60% again, and in his panic, he dumped 93.5 SOL, losing another 203.5 SOL. In total, he lost 325.8 SOL (739,000 USD) in just 3 minutes. Ironically, rich surged 30 minutes later.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.