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Token Creator Loses $2M on the Table with LUCE

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By on October 29, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Token Creator Loses $2M on the Table with LUCE appeared first on Coinpedia Fintech News

As the bull market begins, the growing fear of missing out appears in the memecoin sector. Recently, a meme coin creator launched a token, LUCE, by spending a mere 2 SOL to buy 67.06 million tokens. The creator sold all his holdings for a mere 0.73 SOL worth $130. The same tokens are now worth more than $2 million. The creator has been known to pump and dump meme tokens for fun and minor profits on pump.fun. He made two more tokens after his creation, pocketing 23 Sol or $4.1k. Currently, the market cap of LUCE is more than $30 million.

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