A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!

This trader lost $73.9K trading #memecoins in just 3 minutes!
He made common mistakes that many traders fall into — a lesson for us all.
The trending memecoin $rich caught this trader's attention as its price dipped. Seizing what seemed like an opportunity, he spent 198 $SOL to buy in.
Unfortunately, the price plummeted 60% after his purchase, he panic-sold all for 76 $SOL, taking a 122 $SOL loss.
As $rich began to rebound, the trader succumbed to #FOMO, reinvesting 297 $SOL.
However, the price dropped another 60%, and he panic-sold for 93.5 $SOL, losing an additional 203.5 $SOL.
In total, he lost 325.8 $SOL($73.9K) in just 3 minutes.
Ironically, $rich soared 30 minutes later.
If he had held his position instead of selling in panic, he might have turned his losses into gains.
Address:
https://solscan.io/account/BBgwD3eSnQHvhESbeozdTP9G2DcqB4wFgxeP4dADFuud#defiactivities
20 Jan, 2025 – BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain by daily transactions, has announced its latest offering: the MEME Solution. Designed to lower barriers to token creation, this end-to-end platform empowers creators, developers, and businesses to launch their own memecoins with ease.
BNB Chain/2025.01.21

Today, #Binance listed $ACT at a $20M market cap, causing the price of $ACT to surge 20x within hours!What is $ACT?Let’s learn about the story of $ACT!
Lookonchain/2024.12.09Original

AI16z partner @shawmakesmagic tweeted that they freed $eliza and deployed a new token called $ELIZA!Many insiders bought a massive amount of $ELIZA and dumped it!
Lookonchain/2024.12.09Original

When analyzing memecoins, don’t rely solely on Bubblemaps, as they only show wallets still holding supply and can miss key connections. Instead, check wallets directly for signs of linked wallets, especially when supply is spread evenly. Watch out for supply-control strategies used by teams, where wallets hold tokens to control price movements. Also, be cautious of chart snipes, where large portions of supply are grabbed at launch and later distributed.
lynk/15 hours ago

Over 24 hours, the author manually bought every coin launched on Raydiums LaunchLab, investing $10 in each and selling after 1 hour. Despite finger cramps and meme overload, the final PnL was surprisingly positive—even in a weak market. The experiment shows that chaos, caffeine, and commitment can sometimes pay off in crypto.
Pix/6 days ago

Fartcoin shows strong early-cycle momentum, outperforming BTC and SOL, with unique memetic appeal, minimal dilution, and unmatched mindshare. As broader market liquidity expands, Fartcoin is positioned to lead meme narratives, potentially reaching a $10B+ market cap—especially with Tier 1 listings still ahead and cultural virality at its back.
Donny/6 days ago

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