💸 Trader Loses $1.5M on CAR Memecoin 😱😱
An unknown trader suffered an unrealized loss of $1.5M after investing in a memecoin tied to the President of the Central African Republic (CAR).
📉 He spent $1.9M to buy 3.6M CAR tokens, entering near all-time highs and doubling down during the coin’s decline.
⚠️ Lesson learned? Memecoins are high-risk, and buying at the top is a recipe for disaster.