A user on the Solana blockchain paid a $200,000 priority fee to quickly buy a meme coin, only to sell minutes later at a loss of $89,000. Despite the hefty fee, the user purchased 174 million tokens of 'AI Deborah' for $96,000, but sold them for just under $8,000 shortly after. The priority fee, often used by meme coin traders, allows for quicker transactions but comes with financial risks. While some trades result in major losses, others can lead to significant gains. The same user who lost on 'AI Deborah' gained over $1.3 million on another token. Meme coin trading has gained popularity, with platforms like Pump.fun launching a majority of tokens on Solana. However, trading meme coins is volatile and risky, with the potential for significant losses or gains. Read more AI-generated news on: https://app.chaingpt.org/news