{"id":144766,"date":"2024-12-14T18:00:20","date_gmt":"2024-12-14T16:00:20","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144766"},"modified":"2024-12-14T13:35:28","modified_gmt":"2024-12-14T11:35:28","slug":"crypto-trader-loses-74k-in-minutes-on-impulsive-memecoin-trades","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-trader-loses-74k-in-minutes-on-impulsive-memecoin-trades\/","title":{"rendered":"Crypto Trader Loses $74K in Minutes on Impulsive Memecoin Trades"},"content":{"rendered":"

The trader made two hasty trades involving a total of 495 SOL<\/a><\/strong>, only to end up with just 169.5 SOL, resulting in a devastating loss of 325.8 SOL.<\/p>\n

This loss, reported by Lookonchain<\/a> <\/strong>on December 13, highlights the dangers of emotional trading. At the time, SOL was valued at around $227, meaning the trader effectively lost $74,000, turning an initial investment of $112,000 into just $38,000 within minutes.<\/p>\n

The trader’s strategy began with buying the dip of the RICH memecoin, hoping to capitalize on a potential opportunity. He spent 198 SOL to purchase 4.17 million RICH. Unfortunately, the memecoin’s price continued to fall, dropping by 60%. Panicking, the trader sold, losing 122 SOL in the process.<\/p>\n