According to Lookonchain, a trader experienced a significant loss by spending 3,396 SOL, valued at $587,000, to purchase 14.7 million ANT tokens. Within less than 40 minutes, the trader sold all the ANT tokens for only 773 SOL, which is approximately $134,000, resulting in a loss of 2,623 SOL or $454,000. This rapid transaction highlights the volatility and risks involved in trading cryptocurrencies.