During the recent period of the frenzy around meme coins, many people on social media platforms would see who has made tens of times profit and who has achieved financial freedom. Investors are often blindsided by this survivorship bias, ignoring the fact that there are actually more people who have failed in meme coin investments, resulting in significant losses of funds.
According to data shared by Lookonchain, although meme coins in the Solana ecosystem have been flourishing recently, with seemingly astonishing price surges for each meme coin, there are individuals who have failed in trading 11 different meme coins in the past 3 days. They consistently bought high and sold low, resulting in a total loss of 754 SOL, which is equivalent to a value of $152,000.
