On-chain data monitoring shows that a large transaction has attracted attention. An address spent 607.5 BNB (approximately $54.7 million) to quickly acquire 3.27 million units of a new token. It seems quite impressive, but the current book value of this investment has shrunk to around $390,000.

In other words, this buyer has already been trapped for about $157,000. Such situations are quite common after a new token launches—early investors who chase high prices often face the greatest pressure. From on-chain data, this transaction was sizable, but the market's subsequent movement clearly did not meet this large holder's expectations.

This also reflects a phenomenon: during the liquidity and price discovery process of new tokens, early participants indeed face high risks.