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How to lose $74,000 in 3 minutes?
An unlucky trader decided to speculate on the meme coin RICH. He bought in with 198 SOL, but the token immediately dropped 60%, and in a panic, he sold for 76 SOL, losing 122 SOL.
As the price began to rise again, he jumped back in with 297 SOL. The result? Another panic sale at 93.5 SOL, losing 325.8 SOL (about $73,900). All this happened within 3 minutes.
The irony? If he hadn’t panicked, he would’ve made $278,000 just 30 minutes later.
Lesson: Sometimes, the best trade is to do nothing. 5 replies
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