Investor Hit Horribly By Meme Coin: Lost 85% of His Money in 3 Minutes!

A crypto investor trying to take advantage of the meme coin craze lost tens of thousands of dollars in a short time. According to data from on-chain analytics platform Lookonchain, the gamble for a meme coin cost a lot for one investor. The data revealed that the investor spent 53 thousand dollars to buy a meme coin called LADYF with 300 Solana (SOL), but just 3 minutes after the purchase, panic sold due to the price crash and lost 46 thousand dollars and 263 SOL. The increasing FOMO on Solana-based meme coins has started to hurt many investors. The rush to make a lot of money quickly has resulted in many investors losing a lot of money in a short time. Last week, an investor who lost money on every meme coin purchase finally gave up and withdrew all their money from the crypto exchange Binance.