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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. $SOL
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We think the declines in crypto are now over: Grayscale report Grayscale has released a report on what is happening in the cryptocurrency world and its expectations. In the report, it was written that if the USA does not enter the recession, there is an expectation that there will be an increase in cryptocurrencies again towards the end of the year, but on the contrary, it is thought that the declines will not deepen much. The report also opened a separate bracket on Ether sales of large companies. Grayscale, which has multiple products in both Bitcoin and Ether ETFs, has released a new crypto report called “Summer storms.” The report, which stated that the summer months were difficult for the crypto money markets, especially mentioned the declines in August. 'Ether couldn't stand it, Solana remained strong' In this part of the report, it was emphasized that the U.S. employment figures in July were weaker than expected and the unemployment rate increased similarly to past recessions. It was written that all these factors also seriously affected cryptocurrencies, and Ether came to the fore in this sense, but Bitcoin and Solana were based on: “This situation led to poor performance in assets such as stocks; It led to strength in traditional safe-haven assets such as US Treasury bonds, Japanese yen and Swiss francs. Bitcoin and Ether also lost value in the process, but while Bitcoin performed relatively better, Ether performed worse than both other cryptocurrencies and many traditional market assets. Solana, in particular, stood more resilient among big cryptocurrencies” 'Bitcoin may peak again' Analysts claimed that Bitcoin could achieve new heights towards the end of the year if the US overcame the recession barrier and provides a "soft landing": “If the opposite happens, that is, even if the US enters a recession, we think that the declines will still be limited. We believe that the sound demand for Bitcoin ETFs here will also be effective. $SOL $ETH $BTC
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The signing ceremony of the 3.7 million euro sponsorship agreement between Arkham and Galatasaray took place. Arkham will be Galatasaray's jersey arm sponsor for two seasons. $ARKM #Galatasaray #Arkham
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