Hey, check out this wild story! Someone just took a massive hit of over 700k in just an hour thanks to a meme coin 🗿💸
Here's the scoop:
This trader made the classic mistake of buying high and selling low, and boy, did it cost them! They basically watched $700k of their savings disappear in the blink of an eye.
So, here's how it went down: They started by dropping 5,004 SOL to grab 790,236 SLERF when it was peaking at $1.32. But then, as luck would have it, the value of SLERF started nosediving right after they hit the buy button (ouch!).
Thinking they could recover some losses, they doubled down and bought another 650,330 SLERF for 2,500 SOL (around $517k) at $0.8 each. But alas, the market had other plans, and SLERF kept on tanking.
With no choice left, our trader finally sold off their SLERF stash for a total of 3,774 SOL, netting them $784k. But after starting with 5,004 SOL, you do the math – that's a whopping loss of 3,731 SOL (about -$775k, nearly half their portfolio gone in smoke).
Now, if you peek into this poor soul's wallet on the Solana blockchain scanner, you'll see they're left with a measly 10,000 of some shady tokens.
Moral of the story? Stop falling for FOMO, folks! 🛑 Don't get caught up in the hype.
