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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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A certain trader frequently buys high and sells low on the MEME coin rich, losing $739,000 in 3 minutes
BlockBeats news, on December 13th, according to Lookonchain monitoring, a trader spent 198 SOL to buy meme coin rich when the price dropped. After he bought, the price experienced a big dump of 60%. In his panic, he dumped all at a price of 76 SOL, losing 122 SOL. When rich started to Rebound, the trader succumbed to fear of missing out, reinvesting 297 SOL. However, the price dropped by 60% again, and in his panic, he dumped 93.5 SOL, losing another 203.5 SOL. In total, he lost 325.8 SOL (739,000 USD) in just 3 minutes. Ironically, rich surged 30 minutes later.