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A certain trader made two "FOMO" trades in one day, resulting in a total loss of $907,000
  • MEME0%

BlockBeats News, September 5th, according to LookIntoChain's monitoring, a trader conducted two FOMO trades in one day, with a total loss of approximately $907,000.

The trader had previously spent $915,000 to buy 7.28 million MEME at a price of $0.126 per token, and then sold for only $353,000, resulting in a loss of $563,000, a 61.45% decline.

Subsequently, the trader invested another $356,000 to buy 8.93 million SLINK at $0.04 per token, and eventually sold for only about $12,000, resulting in a loss of $344,000, a 96.62% decline.

BlockBeats reminds users: Most meme coins have no practical use case and experience large price fluctuations. Please be cautious to protect your assets and avoid FOMO.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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