• An investor misplaced 754 SOL ($147,000) buying and selling 11 meme cash on Solana.
• The “purchase excessive, promote low” sample resulted in losses on 11 tokens traded.
• The dealer's funding of three,160 SOL returned 2,406 SOL.

A current evaluation by Lookonchain centered on people who suffered losses buying and selling meme cash on the Solana blockchain. Over the course of three days, the investor engaged in 11 totally different Meme His coin trades, incurring losses on every commerce.

Based on our evaluation, this collection of investments resulted in a complete shortfall of 754 SOLs, equal to roughly $147,000 on the time of reporting.

This investor's expertise with meme cryptocurrencies on the Solana platform started with the acquisition of SNAP ($SNAP) for a complete of 500 SOL. Nevertheless, this commerce didn’t convey the anticipated outcomes and SNAP ended with a lack of 277.32 SOL.

This loss sample was repeated throughout a variety of equally themed cash. “I LIKE THIS COIN” (LIKE) He made an funding of 1,150 SOL, however returned a lack of 135.41 SOL. Smaller losses had been noticed within the trades “SORRY” (SORRY), “buk of mem” (bume) and “BOOK OF PEPE” (BOPE).

Moreover, “The Guide of Lacking Out” (BOMO) and “Bibi on SOL” ($BIBI) additionally failed to interrupt out of the bearish development, recording losses of 29.93 SOL and 148.74 SOL, respectively. Different belongings within the investor's portfolio included IQ50 (IQ50), U SELL U GAY (USUG), and DogWifHat Twin (SAM), every of which contributed to the general deficit. Uncooked Hen Experiment (JOHN) rounds out the listing with a nominal 10 SOL funding and his 3.7 SOL loss.

This loss report was mirrored within the last tally, and a complete of three,160 SOL was invested, however solely 2,406 SOL was returned. The account's buying and selling historical past, printed on Solscan, highlights a collection of trades characterised by a purchase excessive, promote low sample.