• Investor loses 754 SOL ($147K) trading 11 meme coins on Solana.
• The “buy high, sell low” pattern led to losses on 11 traded tokens. 
• The trader’s investment of 3,160 SOL returned 2,406 SOL.

A recent analysis by Lookonchain has spotlighted an individual losing money trading meme coins on the Solana blockchain. Over three days, the investor engaged in trading 11 different meme coins, with each transaction resulting in a loss.

According to the analysis, this series of investments led to an aggregate shortfall of 754 SOL, which was equivalent to approximately $147,000 at the time of the report.

The investor’s experience with meme cryptocurrencies on the Solana platform started with an acquisition of SNAP ($SNAP), totaling 500 SOL. However, the trade did not yield the desired results, and SNAP ended in a 277.32 SOL loss. 

This patter…

The post Investor’s Misstep With Memecoins Leads to $147K Loss on Solana appeared first on Coin Edition.

• Investor loses 754 SOL ($147K) trading 11 meme coins on Solana.
• The “buy high, sell low” pattern led to losses on 11 traded tokens. 
• The trader’s investment of 3,160 SOL returned 2,406 SOL.

A recent analysis by Lookonchain has spotlighted an individual losing money trading meme coins on the Solana blockchain. Over three days, the investor engaged in trading 11 different meme coins, with each transaction resulting in a loss.

According to the analysis, this series of investments led to an aggregate shortfall of 754 SOL, which was equivalent to approximately $147,000 at the time of the report.

The investor’s experience with meme cryptocurrencies on the Solana platform started with an acquisition of SNAP ($SNAP), totaling 500 SOL. However, the trade did not yield the desired results, and SNAP ended in a 277.32 SOL loss. 

This patter…

The post Investor’s Misstep With Memecoins Leads to $147K Loss on Solana appeared first on Coin Edition.