A user spent 1068 SOL on a priority fee to snipe a new Meme coin, and three minutes later suffered a loss of $88,000 while liquidating their position.

BlockBeats News Update, January 9th: According to lmk.fun (formerly Scopescan), a user today paid a 1068 SOL (~$206,000) priority fee for a Solana transaction, spending 495.5 SOL to purchase the new Meme coin 'ai deborah'.

3 minutes later, they rug pulled the token, losing 455.5 SOL (~$88,000).

This trader incurred a total loss of $294,000 from this transaction.