A trader bought the hype when Elon tweeted a picture of a “Milady”, buying $1.3Mil of Milady, then FOMOed even harder buying a further $400,000 after a profit. Then they panic sold for $800k when the price dropped. Total Loss: approx $1 Million. The price rose 60% not long after…
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A trader with wallet 0x78e… seems to love their influencers. Elon Musk doing Elon Musk things tweeted a picture of a Milady(I won’t even attempt to explain what that is). Off the back of this, this trader bought $1.3 Million worth of Milady.
The wallet actually managed to make small profit and from this they FOMOed even harder buying a further almost $400k more for a total of around $1.7M.
However, 60 days later the price dropped and they panic sold selling in two batches for a total loss of around $800k. This means that they lost very close to $1 Million dollars.
To add even more insult, the price of Milady went up 60% soon after to a floor of 4.34ETH.
submitted by /u/pebble-punch
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