PANews reported on December 19 that according to on-chain data monitored by Spot On Chain, a trader lost about $477,000 in 9 days due to FOMO buying and panic selling. On December 10, the trader at the address "0x4ec" purchased 60,782 million PEPE coins with 4.75 WBTC and $150,000 USDC (a total of $1.59 million), when the price was at a local high. However, after the PEPE coin fell 17.85% in 24 hours, the trader just sold all his assets for $1.108 million USDT, losing about $477,000, a drop of 30%.
A trader lost about $477,000 in 9 days due to FOMO buying and panic selling of PEPE
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