Another chase-high disaster.

On the afternoon of January 12th, a certain Meme coin reached a market cap of $43 million when a trader fully committed their position. It sounds like a classic "buying at the high" logic—and the outcome didn’t disappoint. In just 14 hours, the coin’s market cap was halved to $25 million. This brother simply couldn’t hold on, closing out his position in 6 trades to cut losses, ultimately shrinking his account: losing $157,600, with the principal evaporating by 44.95%, leaving only $193,000.

It may seem outrageous, but this is actually the daily routine of the Meme coin market. These kinds of tokens are always supported by hype and emotion—lacking real application, no fundamentals, just pure concept speculation. When they rise, it’s a rollercoaster jump; when they fall, it’s the same rollercoaster free fall. People chasing the high often don’t think this through—seeing the K-line surge fiercely, they rush in, only to become the cheapest chips in the market.

Recently, there have been many such cases: some chase the high and get caught, others try to bottom fish and catch flying knives. To put it plainly, Meme coins are gambling products without a safety margin. If ordinary investors blindly follow the trend, they’re probably paying an "IQ tax" to the trading market.

This trader’s experience is worth reflecting on— in the crypto market, having a big heart never equals making money. Those who truly survive are the ones who understand the risks and have a clear awareness of their own capacity to bear losses.