Crypto trader turns $1 million into $9k in an hour
In what can be considered the darker side of trading meme cryptocurrencies, a trader has lost a significant amount of money by betting on a token that had not proven itself in the market. Specifically, the trader recently saw a massive $1 million investment plummet to just $9,000 within an hour, according to data shared by Lookonchain on August 29. According to the Analysis , the trader created a new wallet and used 7,156 SOL (valued at $1.03 million at the time) to purchase a meme coin named MBAPPE. This transaction, completed in a single move, quickly turned sour as the value of the meme coin nosedived, leaving the trader with a balance of only $9,200. Picks for you XRP ‘gate will swing wide open’ to $27 after hitting this level 42 mins ago ...