Crypto Investor Loses $900K Due to Volatility in Just 2 Days

24 Jan, 2025

Former SEO Writer

Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

Read full bio

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Crypto Investor Loses $900K Due to Volatility in Just 2 Days

Crypto Investor Succumbed to FOMO, Losing $892K in 2 Days

An anonymous crypto trader went into the trading industry, spending 4,248 SOL, equivalent to $1.06M, to buy various tokens. However, to his surprise, all the trading activities failed, leaving the trader with a $892K loss.

According to the Lookonchain post, all this happened within two days, as the crypto trader succumbed to the FOMO and invested in the trending cryptos of the time. Although trends often bring heavy returns, timing plays an important role. A trade placement at the end of the trend usually leads to heavy losses.

In this way, another trader lost $60k with constant wrong judgment with three cryptos.

This aforementioned crypto investor also lost to FOMO and repeatedly made the same mistake, losing in all trades.

Trader Failed With 12 Tokens Continuously, Reaching 0% ROI

Lookonchain’s analysis reveals that the crypto investor has invested in 13 tokens, including ALON, VINE, and many others. Out of these, the person faced losses in 12 tokens and barely made any returns on the remaining crypto, i.e., just $231. The biggest losses were on ALON and VINE, where the investor spent $627K and $888k on VINE, which all went in vain.

As a result, the ROI on this trader reached almost 0% and the loss to $891K in just two days.

What’s The Lesson Here?

The crypto industry offers various profitable opportunities, but profits depend on the trader, trading skills, and many other factors. The aforementioned crypto inventor failed in all these measures, losing $891k. This clearly shows why one should not trade with FOMO and implement the right trading technique to sustain profits in the market.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.