Recently, mem tokens, especially Solana (LEFT) The popularity of meme-based tokens has increased greatly.
While this pushes investors to invest in mem tokens lookonchain He said that not everyone will make money from mem token trading and gave an example of this.
According to this, An investor made 11 Solana memecoin transactions in three days and lost money in each transaction.
Investor’s total loss 754 SOL ($147 thousand) While Lookonchain believes that this address is constantly buying at high prices and selling at lower prices, the fear of missing out (FOMO) He said he was carried away by the action.
“Not everyone can make money trading Solana-based mem tokens!
This guy traded 11 mem tokens in 3 days, losing money on each one. He lost a total of 754 SOL (147 thousand dollars).
This investor gets caught up in FOMO and always buys high and sells low.”
Therefore, investors need to be more careful when trading Solana-based mem tokens amid high volatility in the market.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!