This lost $ 147,000 in ETH through Memecoins

This lost $ 147,000 in ETH through Memecoins
In the area of cryptocurrencies, stories about certain investors are teeming, mostly larger ones who have taken assets with their investments in speculative assets such as Memecoins. These examples tend to arouse envy and a little resentment for fewer happy market participants.
Today we take a look at the other side of it.
- A few years ago it was Dogecoin. Then it was Shiba Inu. This year the massive explosion of the memoins, at least for the time being, assumed Pepe.
- Shortly after the introduction in April, several stories appeared over night millionaires, including this. In it, a clever investor converted $ 27 in $ 1 million after using PEPE mania.
- However, they are not just roses and rainbows. Lookonchain shared data about an NFT wal-known as @Sighduck-that was not particularly successful when investing in Memecoins.
- According to the on-chain analysis provider, the said Wal has lost a total of $ 147,000 through various memoins this month.
- Perhaps even more painful is that some of them-like Turbo and Ben-shot up to 85 times after the whale had sold their shares.
- The controversy around Psyop also has an impact on the whale. They sent 5 ETH to Ben.eth, which, according to ZachxBT, could be an obvious fraud and received 8.9 million psyop. However, the whale could "feel cheated" and sold everything without loss or profit.
- Nevertheless, Psyop, although it was an alleged fraud, rose five times after @sighduck had sold its position. The whale may have felt a kind of fomo and “60 ETH to buy Psyop and sold it after 10 minutes without loss or profit, probably out of fear of being cheated again.”
2/The first token $ Turbo and lost 24 $ eth (46.313 $).
he bought $ turbo on May 4th at 0.0004915 $ and he sold everything $ Turbo
and the price of $ turbo Height. pic.twitter.com/n2dddamvdpl
- Lookonchain (@lookonchain) 26. May 2023
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