On-chain = contracts, risks and returns are geometrically magnified! Recently, many newcomers started to understand and engage in on-chain trading because of Trump's Memecoin, but you have to understand that the primary market is absolutely not just a matter of simply copying a contract address to easily profit.
For example, yesterday's operation of chasing the price at a high position:
1️⃣ Address 73wkP...8s6Ft chased $VINE at a price of $0.3246 15 hours ago. After buying, the hope was to push it further, but unexpectedly the price surged and then fell back, ultimately having to liquidate at $0.2248, incurring a loss of $272,000, with an investment of $885,000, resulting in a loss of nearly 30%.
2️⃣ Four hours ago, market sentiment fluctuated again, and this address hadn't learned its lesson, chasing $ALON at $0.1818. As a result, the stock market plummeted, ultimately liquidating at $0.07009, investing $1.54 million and incurring a loss of $950,000, with assets shrinking by 61.5%.
Moreover, this address had also attempted currencies like $ROSS, $TRUMP , and $ZACHXBT, but never escaped the fate of losses. In the past seven days, the total loss from the entire operation reached $1.65 million, which shows that the risks of on-chain trading are really no joke, especially when participating in the primary market, where a moment of inattention can lead to being 'brought back to reality' by the market.
