Meme coin sharks repeatedly fall into "traps" - From losing $1.58 million in a few minutes to earning $880,000

The meme coin market is a risky playground for investors, even for experienced “sharks.” According to data from Onchain Lens, two recent meme coin transactions vividly illustrate the contrasting picture of this market — from huge losses to “huge” profits within just a few minutes.

Dramatic Losses of Wallet 3xwR

The “3xwR” wallet became a costly lesson after spending $1.598 million to accumulate 444 million TOKEN COMPANY. However, when they sold off in less than a minute, they only received 105.89 SOL (about $16,300). This resulted in a loss of $1.58 million, turning this meme coin project into a “nightmare” for the investor.

A Different Story: Wallet 8mser Makes “Huge” Profits

Meanwhile, the “8mser” wallet proved that timing is crucial. They spent only 3.96 SOL (around $608) to acquire 8.33 million TOKEN COMPANY. Just two minutes later, they sold everything for 5,736.32 SOL (about $882,000), earning a profit of over $880,000 — truly impressive.

Why Do Sharks Lose with Meme Coins?

The disparity between the two wallets clearly shows the extreme volatility of meme coins. Prices can spike or plummet suddenly, creating big opportunities but also significant risks. Odaily reminds us that this is a field requiring utmost alertness; early or late market entry decisions can determine success or failure.

Meme coins continue to prove that they are a “battlefield” not for faint-hearted investors. Even experienced sharks can fall into market traps, especially when liquidity changes rapidly. Risk management and choosing the right timing are vital for survival in this space.