According to Lookonchain, a Solana whale sniper incurred a significant loss of 8,586 SOL (about $1.48 million) on a WATCHCOIN trade. The trader paid 669 SOL (approximately $116,000) in fees and invested a total of 17,800 SOL ($3.09 million) to acquire 47.83 million WATCHCOIN tokens. Ultimately, the sniper sold all the tokens for only 9,883 SOL ($1.72 million), resulting in a realized loss of $1.48 million. This incident highlights the high risks of on-chain sniping strategies in the Solana ecosystem, emphasizing the importance of due diligence and risk management for crypto traders. Such large-scale losses can impact liquidity and sentiment around both WATCHCOIN and SOL, prompting short-term volatility. Source: Lookonchain via Twitter, solscan.io/account/7GSgXJ.