In 3 days, the trader lost $152,000 due to price surges in memcoins.
As analysts of the Looksonchain platform found out, one of the traders lost 745 SOL tokens ($152,320) in just three days due to jumps in the memcoin rate. He invested in meme tokens little known on the market, including BOOK OF PEPE (BOPE), IQ50 (IQ50), DogWifHat Twin (SAM) and other assets.
According to Looksonchain analysts, the trader spent only 3,160 SOL ($638,320) on investing in memcoins. After the sale of tokens on exchanges took place, he received only 2,406 SOL ($486,000). That is, his loss amounted to at least $152,000. An interesting fact is that none of his investments in memcoins brought profit.
Most likely, the crypto trader suffers from the well-known FOMO syndrome that novice market participants are susceptible to. The syndrome is characterized by the fear of losing profits due to changes in the exchange rate of a particular cryptocurrency, as well as the hope of quickly winning it all back.
Trying to make a profit on his investment, the user randomly bought tokens when they rose and sold them when the value of the assets fell during trading on cryptocurrency platforms.
