Here’s How Crypto Trader Went From $5.2M in Profit to Six-Figure Loss

19 Apr, 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.

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Highlights

Crypto trader regarded as a diamond hand lost six figures from the peak profit point in LUCE.
The LUCE token crashed 75% within a day, shifting the trader from a $5.2M profit to a $335k loss.
The crypto market volatility and investors' changing sentiments are to blame.

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The crypto market is still battling against the dominance of bears, where a single crypto trader lost nearly six figures under these conditions. The ongoing Donald Trump trade war is leaving an unsettling experience for investors, where losses have become a common practice. Experts have mixed opinions on the long-term impact of such macroeconomic events. In this blog, let’s discuss how this trader lost millions.

Diamond Hand Crypto Trader Loses Against Market’s Volatility

The Crypto trader with wallet address DBzhE is called ‘diamond hand’ due to its profitable trade history. However, things changed this time. According to the Lookonchain X post, the individual purchased 19.14 million LUCE six months ago at an average price of $0.0275 and has been holding it ever since.

Interestingly, in this span, the holding worth peaked multiple times, bringing an unrealized profit of $5.2M at the peak. However, that changed as the LUCE token price crashed more than 75%. This left the crypto investor with a heavy loss of $335k, and six figures down from the peak profit point.

Why Did LUCE Token Crash 75% Today?

Like most crypto tokens in the current scenario, the LUCE token also became the victim of the crypto investors’ sentiments influenced by the Trump trade war. LUCE is a meme coin and thrived on hype, but when the investors’ sentiments shifted, it resulted in a massive 75% correction.

Due to bears’ dominance, the volatility in the crypto trading market is high. In this case, experts like TDDMM claim LUCE had low liquidity and high volume due to high sellers and low buyers, resulting in the price crash.

More importantly, the LUCE token faced delisting from top crypto exchanges, resulting in its 75% crash today. Due to the same, the aforementioned crypto trader lost a significant profit.

LUCE meme coin currently trades at $0.009146 with a market capitalization of $9.26 M. With the sell-off, now it stands 97.11% from its prime of $0.3273, set five months ago per CoinMarketCap.

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.

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Frequently Asked Questions (FAQs)

1. What does the Trump trade war have to do with the LUCE token price crash?

The Trump trade war has affected investors' sentiments significantly and resulted in the LUCE price crash.

2. How much exactly did the crypto trader lose?

From the initial investment, the crypto trader has lost $445k, but from the peak profit, the loss is in six figures.

3. How is the LUCE token performing?

At the time of writing, LUCE token trades at $0.009146 with a market capitalization of $9.26 million.

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.