A cryptocurrency trader lost a significant chunk of capital – a whopping $93,000 in just one hour – due to the volatile nature of meme coins and misinformation. The trader bought into the $LLJEFFY token after a week-long hiatus, but faced an unfortunate chain of events that led to a catastrophic loss. Fake news alleging Jeffy Yu’s death triggered panic selling, plummeting the price of the meme coin in just two hours. After realizing the rapid decline, the trader attempted to liquidate his holdings, resulting in a meager return of $56,200 – leaving him with a staggering $93,000 loss. This incident underscores how risky meme coin trading can be, as well as the crucial need for due diligence and careful decision-making in high-risk markets.