Lookonchain's data shows that a trader lost 3,731 SOL ($775K) in just 1 hour by trading SLERF. Initially, the trader spent 5,004 SOL to buy 790,236 SLERF at $1.32 (the highest price point). After the price plummeted and rose again, the trader spent another 2,500 SOL ($517K) to buy 650,330 SLERF at $0.8. Unfortunately, the price dropped again after the purchase. In the end, the trader sold all SLERF and only got 3,774 SOL ($784K) back, resulting in a loss of 3,731 SOL ($775K).