Address Suffers $196,000 Loss in LAPTOP Meme Coin Sell-off

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An address incurred a $196,000 paper loss following a sharp decline in LAPTOP, an altcoin to watch. According to Odaily, the position was initiated by purchasing 919.4 tokens at $217.5 each, using 200,000 USDC. Within 50 minutes, the price dropped to $4.4, erasing 98% of its value. This move underscores extreme volatility and coincides with a rising Fear & Greed Index in crypto markets.

Odaily Planet Daily reports, according to on-chain analyst Yujin, an address purchased 919.4 LAPTOP meme tokens at $217.5 each approximately 55 minutes ago, investing around 200,000 USDC.

Just about 50 minutes later, the price of LAPTOP dropped to $4.4, reducing the holdings in this address by 98% to approximately $4,045, resulting in an unrealized loss of around $196,000, making it one of the most severely losing addresses on LAPTOP known to date.

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