The post How This Crypto Trader Lost $454K in Less Than 40 Minutes? appeared on BitcoinEthereumNews.com.

Crypto trading is no less a roller coaster, as it offers high risks and rewards. More importantly, there are incidents when rewards can turn into risks and vice versa, as the high volatility often challenges the crypto market. However, some traders beat the odds and managed heavy gains, but some incidents even ended up pushing them down. The same happened with this crypto trader, who lost $454k within 40 minutes after his bet ended disastrously.  Crypto Trading Downtrend Cost $454K To This Crypto Trader Like any crypto investor, this one investor also looked for a promising opportunity that could make heavy gains. He invested 3.396 Sol, worth around $587K, into a newly launched token ANT and bought $4.7M tokens within a single transaction. With such a high investment, it is understandable that the crypto trader was quite positive about his trades. However, with the market’s change of plans, the profits ended up in losses as he had to sell all these tokens within the next 40 minutes, with a heavy loss. Lost 2,623 $SOL($454K) in less than 40 minutes! This trader spent 3,396 $SOL($587K) to buy 14.7M $ANT in a single transaction. Less than 40 minutes later, he capitulated and sold it all for just 773 $SOL($134K).https://t.co/mgpJzvx8GE pic.twitter.com/kCfbQk2Unn — Lookonchain (@lookonchain) October 24, 2024 Per the Lookonchain post, within 40 minutes of buying, the ANT price plummeted heavily due to high volatility. As a result, in a state of panic, the trader sold all his tokens for just 773 SOL, equivalent to just $134K. In these few minutes, the investor’s mind turned from making a fortune to saving his losses. It confirms how volatility can transform people from winners to losers with crypto trading. However, it is not about losses, another investor turned $296 into $620K in 4Hrs, revealing the…

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Filed under: News - @ October 24, 2024 2:22 pm