TOKENPOST
1 min read
Add as a preferred source on Google

Solana Trader Sells All Meme Coin Holdings After Losses Exceed $1 Million

Jelitics lost money on all 12 Solana tokens traded, leaving a 0% win rate across the group.

By Enna Lee
Published
Mentioned assets
An anonymous hand clears twelve blank tokens from a red table. / TokenPost.ai
An anonymous hand clears twelve blank tokens from a red table. / TokenPost.ai

Jelitics sold every meme coin holding after trades in 12 Solana-based tokens produced losses exceeding $1 million. Trades in all 12 tokens ended in losses, leaving Jelitics with a 0% win rate across those tokens.

The combined losses were greater than $1 million. Jelitics has since sold all meme coin positions.

A separate case on Sept. 5 involved about $907,000 in losses across two meme coin trades in one day. Jelitics’ losses spanned 12 tokens; the Sept. 5 case involved two meme coin trades.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…