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DreamWorld
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Trader lost $59,000 in two hours on investments in meme coin
The trader lost $59,000 on investments in the meme coin MPLX. This was reported by experts from the analytical company Lookonchain.
Analysts explained that the trader repeated the same trading mistake twice. He bought the token when it was trading at its peak and then panicked and sold when the meme coin significantly dropped in price. Later, the asset's price rose again, and the investor decided to invest funds, but after some time, the token collapsed, and the trader sold MPLX.
The trader lost $59,000 on investments in the meme coin MPLX. This was reported by experts from the analytical company Lookonchain.
Analysts explained that the trader repeated the same trading mistake twice. He bought the token when it was trading at its peak and then panicked and sold when the meme coin significantly dropped in price. Later, the asset's price rose again, and the investor decided to invest funds, but after some time, the token collapsed, and the trader sold MPLX.
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