ME News reports that on September 5 (UTC+8), according to Lookonchain monitoring, a trader first spent $916,500 to purchase 7.28 million MEME tokens at $0.126 each, then sold them for $353,000, resulting in a loss of $563,000, or 61.45%. Subsequently, the trader spent $356,000 to buy 8.93 million SLINK tokens at $0.04 each, ultimately selling them for just $12,000, incurring a loss of $344,000, or 96.62%. (Source: ODAILY)
Trader Loses $907,000 in Two FOMO Trades on MEME and SLINK Tokens
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Summary
A trader lost $907,000 across two FOMO-driven trades on MEME and SLINK tokens, according to on-chain trading signals. The first trade involved spending $916,500 to purchase 7.28 million MEME tokens at $0.126 each, which were later sold for $353,000, resulting in a $563,000 loss. The second trade saw $356,000 spent on 8.93 million SLINK tokens at $0.04 each, sold for just $12,000, yielding a $344,000 loss. These trades underscore the risks of abandoning value investing in crypto and chasing highly volatile assets.
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