Key Points
- Traders can book 100x gains all over the timelines, but they can also sell early or roundtrip, resulting in some significant losses.
- A top 5 fumbles of 2024 reveals bad choices that traders made.
Arkham reveals a top 5 fumbles of 2024 so far, with traders who decided to make some poor choices and sell their coins at the worst time.
Top 5 fumbles of 2024
$WIF Fumble $156M
A Solana user 9Vdm was an early trader of WIF, buying 40.7 million tokens within the first two weeks of the coin’s launch. Back then, they were worth only $10,000. The trader fumbled and sold it all for a $5,000 loss three days later, according to Arkham. Now, his bag would have been worth $156 million.
Here is the trader’s address: 9VdmVsUimBqJLVAHkhNwtjMQYv1aKNqxSSEC6xvvDCVv
$WIF Fumble: $156M
Solana User 9Vdm was an early trader of $WIF, buying 40.7M tokens within the first two weeks of its launch – then worth only $10,000.
Unfortunately, he fumbled – and sold it all for a $5000 loss 3 days later.
Today, his bag would have been worth $156M.… pic.twitter.com/U4SUWyVa9Y
— Arkham (@arkham) April 4, 2024
BOME Fumble $1.32M
The next trader mentioned by Arkham is 4QEC who bought a total of 81 million BOME within hours of launch worth only $11k back then. The trader chose to flip his BOME for $4.8k profit less than an hour after buying.
If he’d held – his bag would be worth $1.32M today.
Here is the trader’s address: 4QECDHHGHL64DoF6NQCpiNsiqzdFHTwCqV1Ga1ccGaUu
BODEN Fumble $29.7M
Solana user GfMN is another unlucky trader mentioned by Arkham. He bought 45.6 million BODEN tokens just after another user dumped 229M BODEN into the liquidity pool the minute after launch.
The trader sold 6 seconds later for a 3x profit, but his tokens would now be worth $29.7 million. Here is the trader’s address: GfMNc8YH8Gqfi5fr3MeY9B14q2bsR6ZKXuT4DfvuXNha
DEGEN Fumble $35.85M
DEGEN was originally a memecoin distributed to early Farcaster users.
Base user 0xcCA built up a significant position of 836M DEGEN for only $1400 over 7th-8th January.
On the other hand, he sold his entire stack the next day, selling for $2800, making a clean 2x overnight. But if he had held his bag until today, his position would have been worth $35.85M.
BRETT Fumble $6.06M
Trader 0x302 bought BRETT as it launched, paying only $36 for 77.7M tokens.
He walked away with $10.28K, a massive profit of 280x. But he missed out on the 100,000x, and this means that his coins would now be worth over $6 Million.
These are just five of the clumsiest decisions that traders made, leading to less profits, missing on significant gains.
