A whale investor purchased ALON tokens worth 1.53 million USD when the FOMO (Fear of Missing Out) sentiment was high, but sold all of them just two hours later for 603,000 USD, incurring a loss of approximately 932 thousand USD.

PANews reported on January 24 that according to Onchain Lens monitoring, the peak of FOMO caused a whale to lose $93.2. Six hours ago, the whale spent 6,162 SOL (worth $1.53 million) to buy 8.48 million ALON. After holding it for 2 hours, the whale sold all ALON at a price of 2,372 SOL (worth $603,000), losing about $932,000.

Whale investors lost 932 thousand dollars due to FOMO sentiment.