Trader Loses 50,000 USDC After Buying and Selling 2.47 Million TJR Following Livestream Denial

A trader incurred a loss after buying 2.47 million TJR near a peak and later selling the entire position for 4,886 USDC within 10 hours. According to Foresight News, Lookonchain monitoring showed the trader spent 50,000 USDC to purchase 2.47 million TJR. The report said TJ Robinson later stated during a livestream that TJR was not his token, after which TJR’s price fell sharply. Following the statement and subsequent price drop, the trader sold all 2.47 million TJR for 4,886 USDC, resulting in a loss of 50,000 USDC over the 10-hour period.