According to Lookonchain, the price of $LLJEFFY experienced extreme volatility after rumors of Jeffy Yu's fake death circulated, causing a rapid surge followed by a steep decline. This event led to significant losses for traders who engaged in FOMO buying, with one individual losing $93,000 within just one hour (source: Lookonchain, May 7, 2025). Such sudden price swings highlight the high-risk nature of meme coin trading and underscore the importance of risk management strategies for crypto market participants.

According to Lookonchain, a crypto trader lost $111,000 in less than five minutes after making a FOMO-driven purchase of $POPE with $200,000 USDC. Immediately following the buy, $POPE's price dropped sharply, forcing the trader to panic-sell for just $89,000. This incident highlights the significant risks of FOMO trading and the volatility of meme coins like $POPE, emphasizing the importance of disciplined entry strategies for short-term traders (source: Lookonchain, May 3, 2025).