Meme coin FOMO lost 900 thousand dollars in 4 hours: The price crashed
While 2024 continues as the year of meme coins, there are also opposite situations such as hard exits and big gains. A meme coin investor lost $900,000 in just 4 hours.
A cryptocurrency investor caught up in FOMO lost close to $1 million in just a few hours. The investor, who bought the meme coin called RTR, which was issued in the Solana network, lost most of his investment with the incoming price crash.
According to the information shared by on-chain data platform Lookonchain, the investor who bought meme coin RTR spent 5800 SOL worth 916 thousand dollars. Investors who bought 7.2 million RTRs were among the highest level of buyers by being caught in FOMO.
After the price fell significantly, this person accepted the loss and disposed of his investment for only 113 SOLs (about 18 thousand dollars). The total loss was Solana, worth 898 thousand dollars.
He took the token, which peaked in a few hours, from the top
As seen in the chart below, the token increases almost 10 times in just a few hours, and the investor is making consecutive purchases from the peaks.
As it is known, "Fear of missing out", which stands for FOMO in English, is one of the traps that many cryptocurrency investors have fallen into... It is noteworthy that this investor is deceived by the meme coin rush and risks nearly 1 million dollars from the heights.
