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The market will have losers and winners in the speculative trading game, with capital outflowing from the former to the latter. Usually, the winning group is made of a smart trader’s minority, leveraging some sort of edge against the losing majority. In a cautionary tale illustrating these dynamics, Lookonchain reported two highly opposing results from recent meme coin trading activities. On one side, a smart trader turned a $3,000 initial purchase into $9 million of unrealized profits. Conversely, another trader lost $43,500 worth of Solana (SOL) while buying meme coins from ‘Fear Of Missing Out’ (FOMO). Picks for you Why Bitcoin is set to surge past $130,000 in January 2025 59 mins ago What's next for BTC amid Euro...

Donald Trump’s new crypto project World Liberty Financial has faceplanted again after it was revealed that, three days into its public token offering, insiders sold less than 4% of their goal of 20 billion WLFI tokens. This news comes after researchers discovered that World Liberty hired workers from hacked crypto project Dough Finance, X (formerly Twitter) suspended the Rug Radio presenter who hosted its debut, and the website repeatedly crashed on its token sale day. World Liberty Financial’s website admits that it still hasn’t sold 19.2 billion of the tokens it had hoped to. Indeed, as of publication time, it has raised less than $12 million of the intended $300 million . Although insiders claimed to have whitelisted over 100,000 wallets for the initial coin offering (ICO), fewer than 10% of those wallets have participated. As disappointments proliferated, its team began damage control. The project cut its target for token sales to public buyers from 63% to 35%. It na...