A trader frequently buys high and sells low on the meme coin "rich", losing 739,000 US dollars in 3 minutes
According to Lookonchain monitoring, a trader spent 198 SOL to buy in when the price of meme coin rich fell. After his purchase, the price plummeted by 60%, and he panicked and sold all at a price of 76 SOL, losing 122 SOL.
When rich began to rebound, the trader succumbed to FOMO and reinvested 297 SOL. However, the price fell again by 60%, he panicked and sold at a price of 93.5 SOL, losing another 203.5 SOL.
In total, he lost 325.8 SOL (739 thousand US dollars) within just three minutes. Ironically, rich soared thirty minutes later.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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