A trader who purchased 21 million Moo Deng (MOODENG) tokens is now at a loss after the token's value dropped. The trader bought the tokens for 26 SOL, valued at $3,537, but sold them later for $297. Meanwhile, Moo Deng's market cap reached $100 million, leaving the trader with a missed opportunity for potential gains of $6.3 million. Despite the loss, MOODENG's volume has increased, indicating ongoing interest in the meme coin. Technical analysis suggests that the token's price could decline to $0.23 or potentially bounce back to $0.40.



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