A cautionary tale about the dangers of FOMO (Fear of Missing Out) has emerged, as one trader lost a staggering $166.2K in just two days by chasing hype around memecoins. The trouble began yesterday when the trader FOMO-bought $QUANT, only to see its price drop shortly after. Frustrated by the loss, he sold his $QUANT holdings today to jump into the trending $LETHIMCOOK token, which also plummeted right after his purchase. This ill-timed trading resulted in losses of $83.9K on $QUANT and $81.3K on $LETHIMCOOK. The Rug-Pull Story Behind $QUANT Adding to the drama, $QUANT itself has a controversial backstory.
The post The Risks of FOMO: Trader Loses $166K In Two Days Chasing Memecoins appeared first on The Merkle News.
