According to Lookonchain, a trader incurred substantial losses after purchasing 1.11 million $LIBRA for 14,214 $SOL (approximately $2.85 million) and subsequently selling it for only 3,954 $SOL (around $781,000), resulting in a loss of 10,260 $SOL (approximately $2.07 million) within just two hours. This event highlights the extreme volatility and risks associated with trading in the cryptocurrency market, emphasizing the need for careful risk management and analysis. (source: Lookonchain)