CoinVoice recently learned that according to Lookonchain monitoring, a trader spent 198 SOL to buy meme coin rich when its price fell. After he bought it, the price plummeted by 60%. He panicked and sold all of it at the price of 76 SOL, losing 122 SOL.
When the rich started to rebound, the trader succumbed to FOMO and reinvested 297 SOL. However, the price dropped another 60%, and he panicked and sold for 93.5 SOL, losing another 203.5 SOL.
In total, he lost 325.8 SOL ($73,900) in just 3 minutes.
Ironically, richness spiked after 30 minutes. [Original link]
