Meme Coin FOMO Caught: Lost Hundreds of Thousands of Dollars in 3 Hours!

A crypto investor lost hundreds of thousands of dollars in a short time due to a panic meme coin transaction. According to data provided by on-chain analysis platform Lookonchain, the Solana (SOL)-based meme coin investment cost a crypto investor dearly. The investor in question fell for the allure of the rise of the meme coin named cat in a dogs world (MEW), launched on March 26, and bought 223.9 million MEW for 3,500 SOL. However, as the price of MEW started to drop, the investor began to panic. Acting to sell approximately 3 hours after buying, this investor sold all of their MEW assets for 2,429 SOL. Due to this FOMO-filled meme coin transaction, the investor lost 204 thousand dollars’ worth of 1,071 SOL in a 3-hour time span.