Beware of Survivorship Bias! A Particular Address Faces 11 Consecutive Memecoin Failures, Accumulating Losses over 150,000 Euros

Beware of Survivorship Bias! A Particular Address Faces 11 Consecutive Memecoin Failures, Accumulating Losses over 150,000 Euros

Beware of Survivorship Bias! A Particular Address Faces 11 Consecutive Memecoin Failures, Accumulating Losses over 150,000 Euros

During the recent period of the meme coin frenzy, many people would see on social media platforms who made tens of times returns and who achieved financial freedom. Investors are often blinded by this survivorship bias, overlooking the fact that there are actually more people who have failed in meme coin investments, resulting in significant losses of funds.

According to the data shared by Lookonchain, although meme coins in the Solana ecosystem have been flourishing recently, with seemingly astonishing price surges for each meme coin, there are people who have failed in trading 11 different meme coins in the past 3 days. Each time, they bought high and sold low, resulting in a cumulative loss of 754 SOL, equivalent to a value of $152,000 USD.