List of Flash News about missed profit in crypto
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2025-05-13 15:23 |
LAUNCHCOIN Trading Loss: Trader Misses $7.3M Profit by Panic Selling, According to Lookonchain
According to Lookonchain, a trader who purchased 45 million LAUNCHCOIN at the peak for approximately $828,000 experienced a major loss after panic selling. When LAUNCHCOIN dropped over 90% in value, the trader sold his entire position for only $29,000, locking in an $800,000 loss. However, had he held for three months, the 45 million LAUNCHCOIN would now be worth $8.2 million—resulting in a potential $7.3 million profit. This incident highlights the importance of strategic patience and risk management when trading volatile cryptocurrencies, as rapid market swings can significantly affect portfolio outcomes. Source: Lookonchain (May 13, 2025). |