SLERF, WIF, BONK or Solana’s SOL, the network where these meme coins are issued… The stars of the 2024 bull season seem to be these coins, at least so far.

On the network where many meme coins are produced every day, while trading volume exceeded $3 billion over the weekend, some investors are losing money in FOMO. In other words, other traders are making money.

On-chain data platform Lookonchain has come up with some interesting findings in this regard. According to the information provided by the platform, a trader traded 11 Solana meme coins in 3 days, but was not successful. The trader lost 754 SOL tokens worth about $147,000 within 72 hours.

The data shows that this person was buying at high levels and selling at low levels.

In another example cited by Lookonchain, another trader bought and sold SLERF, but was again unsuccessful and lost 3730 SOL tokens worth $780,000 within 1 hour.

SOL, which has recently gained a lot of attention with meme coins, managed to break above $200 yesterday for the first time in 2 years.