Crypto trader turns nearly $1M into $18,000 in 4 hours
With renewed optimism in the cryptocurrency market, traders have jumped again into meme coin speculation driven by the fear of missing out (FOMO). As a cautionary tale, a crypto trader just lost nearly $900,000 worth of Solana (SOL) in this player-vs-player game. On August 8, Lookonchain urged investors to “please don’t FOMO buy meme coins” while reporting these millionaire four-hour losses. This particular token was Restore The Republic (RTR), with a political bias in anticipation of the U.S. presidential election. As reported, the anonymous trader bought 7.2 million RTR with 5,800 SOL, worth $916,400. This purchase happened at the meme coin’s highest price, indicating a fear of missing out that backfired. Picks for you Trading expert reveals the 'groundbreaking next big mover' after Solana ...