Without trusting the meme coin they bought, BTC12 Capital made a loss and missed out on big profits

As 2024 continues to be the year of the meme coin bull, investors are talking about their losses as much as their profits. BTC12 Capital, a mutual fund management company, also made a big loss with its recent TURBO token transactions. If the company had waited about 3 more weeks, it would have earned $4 million.

Without trusting the meme coin they bought, BTC12 Capital made a loss and missed out on big profits

BTC12 Capital, known for its investments in early-stage cryptocurrency projects, suffered a very serious loss in the coin called TRUBO. The company lost $658,000 on the TURBO token it bought on May 7.

According to the information provided by on-chain tracking platform Lookonchain, BTC12 Capital, which bought TURBO token worth $ 1.1 million on May 7, sold only 5 days later. However, a fatal mistake was made here. Because if the company had at least waited until today, it would have made a profit of more than $4 million.

The company, which bought on the rise and then sold on the fall, made a mistake that a trader should never make, while also falling victim to impatience. Last year, the company was also talked about for its TURBO trades.

TURBO, an AI-themed meme coin, has risen 800% in the last 2 weeks and more than 1400% in the last 1 mont

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