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In the volatile world of cryptocurrency trading, timing is always one of the most important skills. Here are the top five failures where investors miss out on potential wealth in 2024.
Solana user with short address 9Vdm was an early adopter of the Dogwifhat (WIF) altcoin, purchasing 40.7 million tokens for just $10,000 in the first two weeks of its launch. Unfortunately, three days later he sold his entire holding for a loss of $5,000. If he had kept his investment, he would be worth a staggering $156 million today.
The 4QEC short address wallet purchased a total of 81 million BOME tokens for just $11k within hours of launch. Opting for a quick transaction, he sold his BOMEs less than an hour later for a profit of $4.8k. If he had held on to his tokens, they would be worth $1.33 million today.
Solana wallet with short address GfMN purchased 45.6 million BODEN tokens immediately after another user dumped a large amount of tokens into the liquidity pool. Six seconds later he managed to sell it for 3x the profit. But if he hadn't sold, his tokens would now be worth $29.7 million, representing a significant missed opportunity.
For DEGEN, a memecoin initially distributed to early Farcaster users, Base blockchain user wallet with short address 0xcCA created a massive position of 836 million DEGEN on January 7-8 for just $1,400. The next day he sold all his assets for $2,800, doubling it overnight. However, if he had held on to his tokens, they would be worth $35.85 million today.
The wallet with the short address 0x302 invested early in the memecoin called BRETT, paying only $36 for 77.7 million tokens when it was launched. He made a huge profit of 280 times by selling it at $ 10,280. However, by selling he missed out on 100,000x, had he not sold his coins would now be worth over $6 million.
*This is not investment advice.