TechFlow news, on December 13, according to Lookonchain monitoring, a trader made consecutive wrong decisions in a Meme coin "rich" trade, losing 325.8 SOL (approximately $73,900) within three minutes.
The specific transactions were: initially investing 198 SOL to buy "rich," then panic-selling due to a 60% price drop, resulting in a loss of 122 SOL; subsequently FOMO-buying 297 SOL, only to cut losses again after another 60% decline, losing 203.5 SOL.
Ironically, "rich" surged significantly just 30 minutes later—had the trader held, they might have turned the loss into profit.
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