The post How These 3 Meme Coins Led to Crypto Trader’s Fall From Millionaire Status? appeared on BitcoinEthereumNews.com.

The crypto trading community often witnesses crypto investors making heavy returns on the simplest events. However, the opposite scenario is also common, making the crypto market famous for its volatility. Recently, a crypto trader, regarded as a whale due to its long holding, faced continuous market volatility and lost millionaire status in just 16 hours. How? Let’s discuss. Crypto Trader Loses Millionaire States to Memecoin Volatility After a slump, the crypto market began recovering, sending many new milestones. The expectations are even higher for the next four years, as Donald Trump is now the 47 U.S. president. More importantly, Trump launched his official memecoin. In this period of bullishness, crypto became the victim of volatility. Here, a series of trades turn the trader’s millionaire status. All this happened within 16 hours when the crypto trader known for its bets was left with misfortunes. This trader has invested heavily in Barron but gained losses only, so it sold all at the bottom. The trader spent nearly a million dollars on three trending Meme Coins to recover the losses. However, he is now left with just $40k, becoming the prime example of FOMO and misjudgments. Barron, TRUMP & Fartcoin Meme Coins Drowned The Trader More According to the PostedGo X post, a crypto whale invested in three popular meme coins, but every investment was lost. This began with TRUMP, Donald Trump’s official meme coin. It is a new market sensation with high volatility, resulting in frequent drops. The crypto trader lost to the same. After this, the trader opted for another meme cryptocurrency, Elon Hitler (Etler), which also failed. Despite having the name Elon, this meme coin had no connection to Elon Musk, but there is speculation about him launching one someday.  The investor’s Etler loss pushed him to Fartcoin, which had…

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Filed under: News - @ January 21, 2025 9:22 am