Trader Meme Coin suffers 62% consecutive loss: a painful lesson from a peak of $39 million to a stop loss at $17 million

【Blockchain Rhythm】A trader recently took a hit in the Meme coin market. This individual only started to make moves when the market cap of the coin “I’m Coming” surged to $39 million, investing nearly $10,000 to build a position. As a result, the market cap then declined steadily, falling below $17 million, prompting him to start cutting losses in batches. He gradually sold off enough to recover $2,600, but still held assets worth $11,000. Calculations show that this operation resulted in a total loss of 62%.

And this isn’t his first time getting burned in Meme coins. Looking at his trading history, the coin “Cultivation” lost $63,800, “Financial Freedom” lost $60,500, and “Meme Rush” lost $54,500. Combined, these three projects have accumulated losses of over $170,000.

Meme coins are essentially driven by market sentiment and hype, with little real use cases or value backing them. Their price swings are extremely fierce, easy to enter but very few survive to tell the tale. This case serves as a vivid lesson: if you want to play high-risk assets like these, you must be especially cautious.