A trader has exited their position in the meme coin '114514' after incurring a significant loss. Initially, the trader invested $49,300 across 12 transactions when the coin's market cap peaked at $46 million. However, as the market cap plummeted below $3 million, the trader liquidated their holdings, recovering only $2,894.79. This resulted in a staggering loss of $46,200, equating to a 93.77% reduction in the initial investment.