How Much Money Can Be Lost in 1 Minute? This Altcoin Investor Did the Difficulty!

A person who invested in a meme coin allegedly linked to Donald Trump lost hundreds of thousands of dollars in a short time.

According to the data provided by the on-chain analysis platform Lookonchain, a cryptocurrency investor lost 341 thousand dollars in 1 minute due to the meme coin named DJT.

This investor spent SOL 2,500 to purchase 91,705 DJT, valued at $342.1K. However, the price at which he bought was at the peak of high volatility, and as a result of the sudden withdrawal shortly afterwards, his money was destroyed.

About 1 minute later, this person panicked and started selling, and his 342 thousand dollars dropped to 673 dollars.

Donald Trump impact on DJT

According to recent allegations, it was stated that DJT was officially supported by the former president of the United States, Donald Trump.

Independent media outlet Pirate Wires said in a post on He also stated that Barron Trump was managing this project.

However, while these claims could not be verified, rumors that the project could be a rug-pull caused serious volatility.

Insider trading claim

A new wallet, thought to be insider trading, spent $188,000 worth of SOL 1,363 to buy 52.09 million DJT ahead of reports that Trump was backing DJT on the Solana network.

Following the news, he withdrew another 1,000 SOL from the cryptocurrency exchange Binance to purchase another 6.62 million DJT and made the purchase in a short time.

It currently has 1.56 million dollars, 58.71 million DJT, and stands out as the 3rd largest investor of the project.