A trader who entered at the peak with the slogan "I'm coming for it!" ended up liquidating his positions and cutting his losses, losing nearly 45% of ...
AI Summary1 min read
TL;DR
A trader bought a Meme coin at its peak, then liquidated positions after a sharp drop, losing nearly 45% of the investment. This highlights the high volatility and risks in Meme coin trading.
Tags
MeMeMeme cointrader losscryptocurrency volatilityrisk warningmarket sentiment
On January 12, according to GMGN monitoring, a trader started buying Meme coin "I'm coming" after its market value exceeded $43 million. 14 hours later, the market value dropped to $25 million and the trader stopped the loss in 6 transactions, clearing out the position and exchanging it back for $193,000. The loss per coin was $157,600 (-44.95%).
BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.