The Investor Who Lost 5 Million in Meme Coin, Which Failed with the Team Sale, Still Hasn't Sold It!

An investor in the Solana-based meme coin, which came to the fore with the sale of the team and experienced a great decline, did not make a sale despite making a serious loss.

Beercoin (BEER), which quickly became one of the most popular meme coins in the Solana ecosystem, experienced a significant decline in parallel with team sales.

On-chain data and analysis account Lookonchain, in a post on Twitter on June 21, mentioned the loss of nearly 6 million dollars that a whale had collected BEER for days and had not yet realized.

According to the post, an investor who bought 35.7 billion BEER tokens by spending approximately $7.68 million between May 25 and June 18 lost almost all of his money. The investor lost 5.87 million dollars of his money, suffering a 77% loss in the meme coin he collected for about 24 days.

The whale, who did not make any sales, only had $1.81 million worth of BEER coins left.

According to CoinGecko data, in the last 24-hour period, the BEER price retreated from $0.0000661 to $0.00004733. BEER is trading at $0.00004877 at the time of writing.