📉 A Cautionary Tale: Losing $700k in an Hour on a Meme Coin 🗿💸

This is a classic example of buying high and selling low, which cost one trader over $700k of their life savings.

Here's the breakdown:

- They bought 790,236 SLERF at its peak price of $1.32, investing 5,004 SOL.

- As SLERF's value plummeted, they purchased another 650,330 SLERF at $0.80 each, investing an additional 2,500 SOL (about $517k).

- Unfortunately, SLERF's value continued to drop, and they had to sell at a net loss of 3,731 SOL (-$775k).

Now, their wallet contains only 10,000 of some unknown tokens.

The lesson? Avoid FOMO and trade wisely. 💡

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