A trader identified as CCv4xA suffered a significant loss after investing $50,000 USDC in 2.47 million $TJR tokens, believing it to be associated with a celebrity. However, during a livestream, @_TJRTrades clarified that $TJR was not his coin, leading to a sharp decline in its value.
Following the revelation, the value of $TJR plummeted, forcing the trader to sell his entire holding for just 4,886 USDC, resulting in a $45,000 loss within a span of 10 hours. This incident highlights the risks of investing in celebrity-linked cryptocurrencies without thorough verification.
Trader Loses $45K in 10 Hours on Misleading Celebrity Coin
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