A crypto trader recently suffered a massive loss of $898,500 in just four hours after purchasing 7.2 million Restore.
The Republic (RTR) tokens using 5,800 Solana (SOL), valued at $916,400. The trader, motivated by FOMO, bought the tokens at their peak, only to watch RTR's value plummet, leaving them with just 113.3 SOL, or $18,000.
This incident underscores the dangers of speculating on meme coins, especially those tied to political or celebrity themes. Experts caution that such assets often operate on the "Greater Fool Theory," where early investors benefit at the expense of those who enter later, eventually leading to a collapse. It's recommended that traders focus on investments with strong fundamentals instead.
