The Risks of FOMO: Trader Loses $166K In Two Days Chasing Memecoins

A cautionary tale about the dangers of FOMO (Fear of Missing Out) has emerged, as one trader lost a staggering $166.2K in just two days by chasing hype around memecoins.  

The trouble began yesterday when the trader FOMO-bought $QUANT, only to see its price drop shortly after. Frustrated by the loss, he sold his $QUANT holdings today to jump into the trending $LETHIMCOOK token, which also plummeted right after his purchase. This ill-timed trading resulted in losses of $83.9K on $QUANT and $81.3K on $LETHIMCOOK.

Adding to the drama, $QUANT itself has a controversial backstory. Created by a Gen Z streamer known as “Kid Brother” during a live stream, the meme coin initially sold for 128 SOL (approximately $30K).

However, things took a turn when “Kid Brother” dumped his holdings shortly after launch, causing a massive price crash. In a brazen move, he mocked the traders who had bought in, flipping a middle finger at the camera.

Gen Z kid "Kid Brother" created a $QUANT meme coin while live-streaming and sold it for 128 $SOL ($30K USD) which later turned into $4M USD

He then dumped all his tokens, rug-pulling the traders who had bought the token minutes before and then flipped a middle finger

Bro…