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).