An early investor in MOODENG lost out on millions after selling his tokens for a fraction of their current value.
According to a report from BlockBeats on September 28, Lookonchain monitoring revealed that a particular crypto address sold 21 million MOODENG tokens, now worth $6.3 million, for only $297. The investor had initially bought the tokens an hour after MOODENG began trading, spending 26 SOL (around $3,537) to acquire the 21 million tokens. At the time of purchase, the market value of MOODENG was just $210,000, making it look like a promising deal.
However, when the price of MOODENG began to fall, the investor panicked and sold all of their tokens for just 2.19 SOL, which was worth about $297. The current value of those tokens has now skyrocketed to $6.3 million, highlighting a massive missed opportunity.
This incident shows the risks of panic selling in the crypto market, where fortunes can change in an instant. Despite buying in early, the investor’s hasty decision to sell meant missing out on life-changing gains. The story serves as a stark reminder that patience is key when navigating the often volatile world of cryptocurrencies.
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