• Traders can make significant gains in various periods, but selling at a wrong time can cause substantial losses.
• A list of the top 5 mistakes traders made in 2024 is revealed.

Arkham shows the top 5 mistakes of 2024, where traders made regrettable decisions by selling their coins at unfavorable points.

$WIF Mishap $156M

A Solana user named 9Vdm was an early trader of WIF, buying 40.7 million tokens within the first two weeks of the coin's launch when they were only worth $10,000. Unfortunately, the trader chose to sell all of them three days later, resulting in a $5,000 loss. At present, his holdings would have been valued at $156 million.

BOME Mishap $1.32M

Another trader, 4QEC, bought a total of 81 million BOME shortly after its launch, originally worth $11,000. Shortly after purchasing, the trader decided to flip it for a $4,800 profit. If he had held onto the tokens, they would now be worth $1.32 million.

BODEN Mishap $29.7M

Solana user GfMN was another unfortunate trader who bought 45.6 million BODEN tokens right after another user deposited 229 million BODEN into the liquidity pool post-launch. Although the trader sold 6 seconds later, making a 3x profit, the tokens would currently be worth $29.7 million.

DEGEN Mishap $35.85M

DEGEN, originally a memecoin for early Farcaster users, was acquired by base user 0xcCA, who amassed 836 million DEGEN for just $1,400. They sold their entire stack the next day for $2,800, doubling their investment. However, if the trader had held onto the tokens, it would now be worth $35.85 million.

BRETT Mishap $6.06M

Trader 0x302 bought BRETT at its launch for $36, obtaining 77.7 million tokens. Eventually, the trader made a significant profit of 280x, walking away with $10.28K. Nevertheless, missing out on a 100,000x profit implies that the coins would be valued at over $6 million today.

These cases highlight the poor choices made by traders in 2024, resulting in missed opportunities for greater profits.