MAX Buyer Loses $53,900 After Investing $72,800, With Return at -69.6%

An address bought the meme coin MAX after its price had risen and continued adding to the position as the price fell, investing about $72,800. According to Odaily, blockchain analyst Ai Yi reported that the address bought about 9.4 million MAX in 53 transactions and had not sold any tokens. After holding the position for about five hours, the address had an unrealized loss of about $53,900, with a return of approximately -69.6%.