"Headstrong" trader loses money and catches the bottom rat's nest Meme, losing over $110,000.

BlockBeats news, on December 5th, according to Lookonchain monitoring, a trader spent 551 SOL (132,000 USD) to buy 2.75 million HAWK, but only sold and exchanged for 69.5 SOL (16,700 USD), losing 481.5 SOL (115,500 USD). Nevertheless, the “reckless” trader did not learn the lesson and again spent 74 SOL to buy 3.77 million HAWK, and sold it at a price of 66.6 SOL, again losing 7.4 SOL (1,800 USD). BlockBeats note: Solana meme coin HAWK created by internet celebrity Hailey Welch encountered a big dump after its launch, with market capitalization rapidly climbing to 400 million USD and then dumping over 90% to 37 million USD. An internal address snapped up 97% of the supply. One newly created wallet sniped HAWK with 4,195 SOL and then sold it at a price of 11,616 SOL, earning a profit of 1.66 million USD. The internet celebrity is famous for her catchphrase “hawk tuah” and has over 400,000 fans on X platform.