The Whale Who Wanted to Hunt Meme Coin Suffered a Terrible Loss in 10 Minutes!

A whale who tried to hit and run the Solana (SOL) based meme coin suffered great losses in a short time.

According to the data provided by the on-chain analysis platform Lookonchain, a "siniper" investor suffered a huge loss in a short time due to his meme coin investment.

Taking action with the launch of the Solana-based meme coin WATER and trying to be one of the first to buy, the whale spent SOL worth $15,1.9 million to buy 177.9 million WATER.

However, the investor, who failed to buy at a cheap price, turned to panic selling after 10 minutes. With his sale, he was only able to get back SOL worth $1.2 million.

The investor's loss in less than 10 minutes was 714 thousand dollars.

Another whale made millions of dollars in profit in less than 20 minutes by purchasing WATER. But this success was not achieved by all whales.