A newly created cryptocurrency wallet, identified as FYqRpV, experienced a significant financial loss after investing in the $RALPH token. The wallet spent 470,000 $USDC to acquire 10.19 million $RALPH tokens. However, shortly after the purchase, the value of $RALPH plummeted, forcing the wallet holder to sell the entire holding for just 114,861 $USDC. This rapid decline resulted in a loss of $355,000 within a few hours.