Trader Loses $150,000 on Scam Altman Token After Elon Musk’s Tweet
BeInCrypto
A Solana trader lost $150,000 after purchasing a meme coin inspired by Elon Musk’s nickname for Sam Altman.Summary
A Solana investor incurred a $150,000 loss after buying a speculative meme coin named "SCAM," which was created following Elon Musk’s social media jabs at OpenAI CEO Sam Altman. On-chain analytics firm Bubblemaps identified that the trader entered the market near the peak, only to see the token’s value crash by 95% within 24 hours. This incident is part of a wider pattern of failed high-risk trades by the same wallet, highlighting the extreme volatility and risks associated with meme coin launches on platforms like Pump.fun.
(Source：BeInCrypto)