Data: A trader frequently bought high and sold low on the meme coin rich, losing $73,900 in 3 minutes

ChainCatcher news, according to Lookonchain monitoring, a trader spent 198 SOL to buy in when the meme coin rich price dropped. After his purchase, the price plummeted by 60%, and in a panic, he sold everything at a price of 76 SOL, losing 122 SOL.

When rich started to rebound, the trader succumbed to FOMO and reinvested 297 SOL. However, the price dropped again by 60%, and in a panic, he sold at 93.5 SOL, losing another 203.5 SOL.

In total, he lost 325.8 SOL (approximately $73,900) in just 3 minutes.

Ironically, rich soared 30 minutes later.