| Time | Details |
|---|---|
| 2024-08-08 19:14 |
Warning Against FOMO Buying MEMEcoins
According to Lookonchain, a trader experienced a significant loss due to FOMO buying of MEMEcoins. The individual spent 5,800 SOL (approximately $916.4K) to purchase 7.2 million RTR coins at their peak price. However, within just four hours, the value of RTR crashed, forcing the trader to sell all their holdings for only 113.3 SOL (approximately $18K), resulting in a loss of 5,687 SOL (about $898.5K). This incident serves as a cautionary tale against impulsive investments driven by fear of missing out. (Source) |
| 2024-09-27 21:48 |
Boomers FOMOing into GBTC Despite Cheaper Alternatives
According to RunnerXBT, older investors are showing signs of fear of missing out (FOMO) by purchasing Grayscale Bitcoin Trust (GBTC) instead of opting for more affordable alternatives. This trend may indicate a surge in interest and potential price movements in GBTC. (Source) |
| 06:00 |
Bitcoin Transaction Volume Suggests Potential for Further Growth
According to ki_young_ju, the current Bitcoin transaction volume for transactions over $1 million indicates that if they were a large-scale investor, they would wait for more exit liquidity. The market is just beginning, and there is potential for retail investors to join in at a $100,000 price point, driven by FOMO (Fear of Missing Out). While some market corrections might occur, these would not necessarily signal the start of a bear market. (Source) |