China News Daily Official TheBitTimes.com

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 ...

Two crypto currency traders capitulated and lost $2.61 million in a one -month trade with Fetch.ai (FET). Whales reportedly dumped $10 million worth of FET with million aire realized losses , according to SpotOnChain’s recent reports. First, ‘Whale 0xdf8′ sold all its 2.739 million FET for 2,095 of Ethereum (ETH), worth $6.66 million. The sales averaged $2.431 per token and marked “the end of the whale’s fifth FET trading cycle,” as reported. The trader bought these 2.739 million FET on March 26 for a dollar-cost average of $3.031. Therefore, ‘Whale 0xdf8’ realized $1.64 million in losses with this one-month trade, diminishing its ETH stack by 20%. Picks for you Buy signal? XRP set for explosive price action after consolidation 17 hours ago Long-term vision: Parents invest in crypto for their children’s future 17 hours ago Short squeeze alert: Two cryptocurrencies with huge potential next week 18 hours ago ...