Today a user who held more than $6 Million in the meme $GIGA decided to sell.

The token falls 85% with a market cap of $616 Million and a liquidity of $6.5 Million.

But a terrible nightmare struck the user, as by selling and not having enough liquidity, they lost 60% of the total sale.

The price impact cost more than $3.5 Million, and the holdings they could see on their screen (wallet) of $6 Million, after selling, left them with just $2.5 Million.

The price quickly recovers due to bots that triggered buy orders when the price dropped 85%.

The user's mistake was selling everything at once, not understanding that the token did not have enough liquidity to support such a large sale.

A sale that should have been made in parts would have allowed them to keep at least 90% of their holdings.

Always remember to check market cap and liquidity. Because without liquidity, the market cap makes no sense.