A Solana trader just surprised the crypto community by spending more than $200,000 in priority fees to buy the meme coin “AI Deborah” and incurring a heavy loss just minutes later.



Shocking transaction with record high priority fee



The trader using the address $SOL starting with 4MyY spent 1,068 SOL ($207,000) in priority fees to ensure his transaction was quickly confirmed by blockchain validators. The goal was to buy 174 million AI Deborah tokens for $96,000 ($495 SOL).



However, just 3 minutes later, this trader sold all of their tokens for less than $8,000, incurring a loss of $89,000 not including the huge initial fees.



Priority fees: The double-edged sword of meme coin traders



Priority fees on Solana are an option for traders who want their transactions processed faster than others, especially during new token launches. This method is often used in #memecoin trading to buy tokens at a low price immediately after launch, but it comes with significant risk.



Trader 4MyY used the Bloom Bot trading app to set an extremely high priority fee. The owner of Bloom Bot stated that this was not a 'click error' but a deliberate decision, as the user even set the maximum fee higher than what was used.



Nevertheless, a large priority fee does not always lead to failure. This trader had previously made $1.3 million in profit by using a similar strategy to buy HTERM tokens just a few days earlier.



The popularity and risks of meme coins



Meme coin trading is becoming increasingly popular on Solana, with the Pump.fun platform accounting for over 70% of total tokens launched on this blockchain last weekend. Many meme coins, such as $DOGE and $SHIB , have made it into the top 100 most valuable cryptocurrencies, increasing the appeal to adventurous traders.



However, meme coins are known for their high volatility and often lack real utility value. Traders betting on meme coins hope to achieve more winning trades than losses, but in this case, the risk of total loss is always present.



Conclusion



High priority fee strategies can yield massive profits, but they also carry the risk of significant losses. Meme coin trading is not for the faint-hearted and should only be undertaken with an investment you are willing to lose.



⚠️ Risk warning: Investing in cryptocurrencies and meme coins carries many risks, especially with tokens that have no clear utility value. Please research thoroughly and consider the risks before participating.