Crypto trader turns nearly $1M into $18,000 in 4 hours
A crypto trader recently lost $898,500 in just four hours after buying 7.2 million Restore The Republic (RTR) tokens with 5,800 Solana (SOL), worth $916,400. Driven by FOMO, the trader bought at the meme coin’s peak price, only to see RTR crash shortly after, leaving them with just 113.3 SOL, or $18,000.
This incident highlights the risks of speculating on meme coins, particularly those with political or celebrity themes. Experts warn that such assets often follow the “Greater Fool Theory,” where early investors profit at the expense of later ones, leading to eventual crashes.
Traders are advised to focus on investments with solid fundamentals instead.
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