In the past few days, a trader lost $202k in losses due to FOMO (fear of missing out) in the crypto market. The trader initially made a small profit by buying a $1 memecoin and quickly selling it for USDC and SOL. However, they then chased $1/SOL prices with a large position size and ended up cashing out at a substantial loss. This is not an isolated incident, as other traders have also suffered significant losses due to FOMO in the memecoin market. The volatile nature of these assets can lead to both massive profits and devastating losses for investors.



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