TechFlow reports, according to monitoring by @ai_9684xtpa, an address (CZaHE) used 13,400 SOL (approximately $1.94 million) to purchase $BARPA, a Solana-based meme coin that was 350x oversubscribed. However, the address has since sold all holdings 12 hours ago, incurring a loss of $1.55 million.
The address bought in at an average cost of $0.3884 per token. The large purchase temporarily pushed the token price up to $2.37, but it later plunged by 97%. Ultimately, the address distributed its holdings and sold across eight different addresses, recovering only 2,739 SOL—resulting in a net loss of 10,661 SOL (nearly 80%).
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