CandleFocus Whale Suffers $1.5 Million Loss after Prematurely Investing In CAR Meme Coin
2025-02-11
Author: Content Editor
A whale in the digital asset market suffered a loss of over $1.5 million after investing prematurely in a newly launched meme coin called CAR. The whale spent $1.9 million to purchase 3.6 million CAR coins, but due to extreme price declines, incurred significant losses. This could be attributed to FOMO (fear of missing out) following the release of the asset. Meme coin launches have been on the rise, with assets like Trump coin and TST experiencing significant market capitalization increases. CAR's market cap initially surged to $700 million but has now settled at $169.09 million. The release of CAR followed a similar pattern to the Trump coin, with initial excitement followed by price declines.
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