A trader who entered at the peak with the slogan "I'm coming for it!" ended up liquidating his positions and cutting his losses, losing nearly 45% of his principal.

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On January 12, according to GMGN monitoring, a trader started buying Meme coin "I'm coming" after its market value exceeded $43 million. 14 hours later, the market value dropped to $25 million and the trader stopped the loss in 6 transactions, clearing out the position and exchanging it back for $193,000. The loss per coin was $157,600 (-44.95%).

BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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