Solana trader turns $112k into $38k in three minutes with common mistake
A cryptocurrency trader has lost nearly $74,000 in just three minutes with a common trading mistake. The trader was speculating with the $RICH memecoin on Solana (SOL), losing 325.8 SOL in two poorly executed trades. Lookonchain reported the case on December 13, which is a cautionary tale for crypto traders to avoid letting emotion dominate. In summary, the speculator deployed 495 SOL in two trades to end up with 169.5 SOL. Interestingly, SOL was changing hands by nearly $227 at the time of this trading, as shown in SolScan . Therefore, this crypto trader has effectively turned around $112,000 into $38,000 in three minutes, booking a massive loss. Picks for you ChatGPT says Ethereum price will hit this target by December 31, 2024 7 mins ago ...