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Time Details
2025-05-03
11:10
How a Trader Lost $111K on $POPE in 5 Minutes: Key Lessons for Crypto Trading

According to @lookonchain, a trader lost $111,000 in under five minutes trading $POPE after spending 200,000 USDC in a FOMO-driven purchase. Immediately following his buy, $POPE's price dropped sharply, prompting a panic sell at just $89,000. This incident highlights the risks of impulsive crypto trading and the importance of avoiding FOMO, particularly with volatile tokens like $POPE (Source: @lookonchain, May 3, 2025).

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