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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Sharpshooter Hunts in Meme Coin: Kanye West's Post Cost 465 Thousand! - Coin Bulletin
After Kanye West's post, an automated trader lost a total of 465.6 thousand dollars in just one hour.
In the world of cryptocurrency, opportunities and risks are rapidly intertwined. An investor closely following the social media posts of the famous rapper Kanye West automatically made a transaction to quickly buy the token mentioned in West's post. The investor aimed to make a big profit in a short time by buying the cryptocurrency token named YZY that Kanye shared. However, things did not go as expected and the tables turned.
According to the data shared by Lookonchain, this investor paid a total of 75 SOL, approximately 10 thousand dollars, to JitoTip, a transaction accelerator service operating on the Solana (SOL) network, in order to buy YZY tokens quickly. However, the unexpected rapid decline in the token price resulted in a significant loss for the investor. The price of YZY plummeted in just one hour, and the investor lost a total of 465.6 thousand dollars.