"📉 A Cautionary Tale: Losing $700k in an Hour on a Meme Coin 🗿💸
It's a classic story: buy high, sell low. But for one trader, it cost them over $700k of their life savings.
Here's what happened:
- They bought 790,236 SLERF at the peak price of $1.32, investing 5,004 SOL.
- SLERF's value plummeted, prompting them to invest another 650,330 SLERF at $0.8 each, totaling 2,500 SOL (around $517k).
- Unfortunately, SLERF's value continued to drop, forcing them to sell for a net loss of 3,731 SOL (-$775k).
Now, their wallet holds only 10,000 of some unknown tokens.
Moral of the story? Stop FOMOing and trade wisely. 💡