A cryptocurrency investor caught in FOMO lost close to $1 million in just a few hours. The investor, who bought the meme coin called RTR issued on the Solana network, lost most of his investment with the price collapse.

According to the information shared by on-chain data platform Lookonchain, the investor who bought the meme coin RTR spent 5800 SOL worth $916,000. The investor, who bought 7.2 million RTRs, was one of those who bought at the highest level, almost FOMO.

After the price fell significantly, this person accepted the loss and disposed of his investment for only 113 SOLs (approximately $18,000). The total loss was Solana worth $898 thousand.

Investor bought the token at the top price

As can be seen in the chart below, the token increases almost 10 times in just a few hours and the investor makes consecutive purchases from the peaks.

As it is known, “Fear of missing out”, which stands for FOMO in English, is one of the traps that many cryptocurrency investors fall into… It is noteworthy that this investor is also deceived by the meme coin fury, risking close to $1 million from the peaks.