An unknown trader lost about $1 million on investments in the BARRON memecoin, allegedly associated with Donald Trump’s son Barron. This is reported by experts from the analytical company Lookonchain.
Someone lost nearly $1M on $BARRON in just 2 hours due to #FOMO!
Note that $BARRON was not launched by the #Trump family.
Currently, the only tokens officially issued by the #Trump family are $TRUMP and $MELANIA.
Avoid #FOMO and trade carefully! pic.twitter.com/bvCTQ2MXsq
— Lookonchain (@lookonchain) January 20, 2025
In a statement, analysts said that the investor lost funds in just two hours due to FOMO (lost profit syndrome). He purchased the token when it was trading near an all-time high, and sold the asset when the memcoin fell in price.
Data on the purchase and sale of the BARRON token by a trader. Data: Lookonchain.
Also on January 18 and 19, Donald and Melania Trump announced the launch of their own memecoins – OFFICIAL TRUMP and Official Melania Meme.
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Source: Cryptocurrency
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