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.