Trader sinks $1.22M into MEME token, sits on $708K unrealized loss
- —Bought 30.65 million MEME tokens for about $1.22 million
- —Unrealized loss stands at roughly $708,000, or 58%
- —Trader kept adding to the position despite the drawdown
Why it matters: A top holder averaging down signals conviction but also raises the risk of further selling pressure on MEME.
Source: PANews