SOL - The Top Five Meme Coin Trader Fumbles In 2024 Missed Out On Over $200 Million | Benzinga
On-chain analytics firm Arkham Intelligence pointed out the “top five fumbles” of cryptocurrency traders who missed out on massive potential gains in 2024.
What Happened: Arkham's April 4 tweet on April 4 highlights instances when traders sold meme coins ahead of significant price surges, losing out on millions.
- Dogwifhat (CRYPTO: WIF) fumble, worth $156 million: a Solana (CRYPTO: SOL) trader purchased 40.7 million, worth $10,000, within the first two weeks of WIF’s launch. However, he sold his position within three days for a $5,000 loss. His investment would have been worth $156 million on April 4.
- Book Of Meme (CRYPTO: BOME) fumble, worth $1.33 million: within hours of launch in mid-March, a trader purchased 81 million tokens, valued at $11,000. In less than an hour, he offloaded all the tokens at a profit of $4,800, missing out on $1.33 million.
- Jeo Boden ...