2026-01-07 05:23:24

The digital meme coin on the Solana chain recently experienced a thrilling rollercoaster market. In just 24 hours, this coin's market cap plummeted from nearly $60 million at its peak to around $4 million — a decline of over 93%.

The most heartbreaking part is that a new address user bought the dip during the decline, investing $245,000 all at once. The original plan was to buy low and hold, but after just a few hours, the account was in an 85% deep loss. Such stories are common in the Meme coin market — high returns come with high risks, and one wrong move can turn you into a bagholder. This also serves as a reminder to all participants that in highly volatile assets, caution is essential when buying the dip, and risk management should always come first.

SOL0.46%

MEME-1.67%

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OnchainGossiper

· 01-10 05:22

$245,000 loss in just over ten hours, an 85% drop. How much pain must this guy be in? Meme coins are really a meat grinder.

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governance_lurker

· 01-09 06:44

Damn, $245,000 invested and lost 85% in just over ten hours. This is a real-life bloodbath. Here we go again, that phrase "I'm here to bottom fish," but it ended up wiping out the entire family. 93% decline... nobody wants this coin anymore. Meme coins on Solana are just gambling; don't fool yourself into thinking it's "risk management." This guy must be really desperate to risk $245,000 in one go. Just look at it, really don't touch this kind of stuff, the risk is way too outrageous. The birth of a bag-holder, a textbook example of the opposite. Should have known from the start, no one will save you.

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GweiWatcher

· 01-09 02:37

Damn, 245,000 invested and in the blink of an eye, an 85% loss. This is the joy of Meme coins, a nightmare experience lasting over a dozen hours.

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WalletAnxietyPatient

· 01-07 08:58

$245,000 lost in a matter of hours, this is why I never dare to go all-in on meme coins.

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WhaleWatcher

· 01-07 05:53

Look at this crash magnitude, 93%? Bro, this isn't bottom fishing, this is giving away money. --- $245,000 lost 85% in just a few hours, this is the daily routine of Meme coins, really outrageous. --- Another "buy the dip" story, it’s always like this. As long as I can hold on and survive, that’s good enough. --- These coins on Solana, when they rise, they blow up wildly; when they fall, they’re gone in an hour. Luckily, I didn’t buy in. --- The most common thing newbies do is chase the bottom, ending up as permanent bottom dumpers. They just can’t learn their lesson. --- I really don’t understand this kind of coin. Why would anyone dare to throw over twenty thousand dollars into it? --- A 93% drop, hilarious. Isn’t this just a casino? Has probability theory failed? --- Risk management? Have Meme coin players heard of this term? Greed is all that matters. --- On the Solana chain, this kind of drama happens every day. Watching it so often, you get used to it. --- Losing 85% shows that the people who bought at that time were really... Never mind, I won’t say more, it’s too heartbreaking.

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DaoGovernanceOfficer

· 01-07 05:53

empirically speaking, this is just governance failure at the protocol level. no risk management frameworks, no circuit breakers, nothing. the data on meme coin volatility has been screaming this since 2021 but here we are watching $245k evaporate in hours because... what exactly? lack of proper tokenomics oversight?

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defi_detective

· 01-07 05:52

Bought at 245,000 and then lost 85% in just over ten hours. How aggressive do you have to be? It cracked me up.

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blockBoy

· 01-07 05:29

$245,000 invested for just over ten hours and lost 85%. This guy is really a brave warrior, I truly admire him. This is the charm of meme coins: either get rich overnight or go bankrupt, with no middle ground. The biggest pitfall of bottom-fishing is thinking you can buy at the very bottom, only to find there's an even lower bottom. These coins on the Solana chain are really, each one more exciting than the last.

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WalletDetective

· 01-07 05:26

Damn, a 93% drop in 24 hours—that's Solana meme coin for you... Bought the dip with 245,000 and ended up losing 85% in just over ten hours. This guy must be so desperate. Honestly, buying the dip is gambling. No risk management can save you.

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SybilSlayer

· 01-07 05:25

$245,000 bottomed out and lost 85% in just over ten hours. How much can you gamble?

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