【Block Rhythm】Recently, another interesting on-chain story has unfolded. On January 8th, according to on-chain data tracking, a certain address quickly offloaded shortly after a Chinese Meme token launched on a leading spot trading exchange — dumping 607.5 BNB, equivalent to approximately $547,000, in one sweep to acquire 3.27 million tokens.
It sounds like they rushed in to make a gamble. But now? The book value of this investment has already shrunk to around $390,000. In other words, within a short time, they’ve already suffered an unrealized loss of $157,000. This operation was certainly painful.
In fact, this situation is all too common in the crypto space — the frenzy when new coins launch often results in rapid pullbacks. Although large buyers hold substantial positions, once market sentiment reverses, liquidity evaporates instantly, and account balances can turn from green to red faster than people can react. This is exactly why many people say that chasing new coins requires caution, as risks and rewards always come paired together.
Damn, another new coin disaster. Put in 540k, now it's down to 390k? This is what happens when you play meme coins.
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Whales dump money in and it still drops. What does that tell you? The liquidity pool is too small to handle it.
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150k floating loss, that's not even a day's wages for me. Rich people's stories are just entertainment.
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Every time they say new coins are risky, people still rush in. That mentality is wild.
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Chinese meme coins, just the name sounds sketchy. Starts tanking the moment it lists.
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"Liquidity evaporation" - those four words sum it up perfectly. Takes seconds to flip from profits to losses.
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That said, anyone who can throw in 540k probably doesn't sweat 150k, might just be a position sizing mistake on their part.
オンチェーンのクジラがLightningを使ってMemeトークンを購入後に急落、15万7000ドルの含み損の詳細
【Block Rhythm】Recently, another interesting on-chain story has unfolded. On January 8th, according to on-chain data tracking, a certain address quickly offloaded shortly after a Chinese Meme token launched on a leading spot trading exchange — dumping 607.5 BNB, equivalent to approximately $547,000, in one sweep to acquire 3.27 million tokens.
It sounds like they rushed in to make a gamble. But now? The book value of this investment has already shrunk to around $390,000. In other words, within a short time, they’ve already suffered an unrealized loss of $157,000. This operation was certainly painful.
In fact, this situation is all too common in the crypto space — the frenzy when new coins launch often results in rapid pullbacks. Although large buyers hold substantial positions, once market sentiment reverses, liquidity evaporates instantly, and account balances can turn from green to red faster than people can react. This is exactly why many people say that chasing new coins requires caution, as risks and rewards always come paired together.