PANews reported on May 13 that according to Lookonchain, a trader bought 45 million LAUNCHCOIN for about $828,000 three months ago, but sold it for only $29,000 after the token plummeted by more than 90%, losing nearly $800,000. If he had held on to it until now, his holdings would now be worth about $8.2 million, and he could have made a profit of $7.3 million.
Missing out on a 7-fold return, traders panicked and stopped losses, resulting in a loss of $800,000
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