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Time Details
2025-02-20
03:01
Cryptocurrency Sniper Loses $436K in SOL on PAIN Token

According to Lookonchain, a cryptocurrency sniper incurred a loss of 2,540 SOL, equivalent to $436,000, while trading the PAIN token. The individual initially invested 15,000 SOL, valued at $2.58 million, to acquire 107,212 PAIN tokens. A transaction fee of 2,501 SOL ($430,000) was paid. Eventually, the sniper sold all PAIN tokens for 14,961 SOL, totaling $2.57 million, resulting in a net loss of 2,540 SOL. This highlights the risks involved in sniper trading, where quick buying and selling may not always yield profits. All figures and details are sourced from Lookonchain's analysis.

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