2026-01-07 06:22:25

A digital Meme coin on the Solana chain experienced a cliff drop in the past 24 hours. The project's market cap plummeted from nearly $60 million to just over $4 million, a staggering decline.

Interestingly, just as the coin price continued to decline, a new address suddenly made a move. This user spent $245,000 to buy the dip, attempting to scoop up bargains. The result? Less than ten hours into the position, the paper loss had already reached 85%. This case is quite typical—during extreme market conditions, what appears to be the bottom is often not the real bottom. On-chain data shows that similar dip-buying behavior was common during Meme coin crashes, but success rates remain questionable.

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CountdownToBroke

· 01-07 06:49

Oh no, 245,000 went in and was gone in ten hours. This guy is really a brave warrior. No one can tell where the bottom is, that's how Meme coins are. Buying the dip turned into losing everything. This crappy coin has taught us another lesson. I dare not look at on-chain data, afraid to see my own name.

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WhaleWatcher

· 01-07 06:47

245,000 bottom-fishing and losing 85% in ten hours—that's the daily routine of Meme coins.

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BlockchainWorker

· 01-07 06:42

24.5 million USD bottoming out and losing 85% in less than ten hours—how strong must one’s heart be? --- Another tragic story of the "bottom-fishing hero." Meme coins are really unpredictable. --- Below the bottom, there’s still another bottom. This phrase was validated on the Solana chain. --- Losing 85% and still not fleeing—I really can't understand what this guy is thinking. --- Falling from 60 million to 4 million, this move... is a bit outrageous. --- Seeing this kind of news every day, I’ve never seen a successful bottom-fishing; it’s always a fall from the sky. --- Picking up cheap deals has instead become picking up knives; Meme coins are forever the same old trick.

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LiquidityWhisperer