Trader posts 98% unrealized loss after $200K buy at LAPTOP peak

An anonymous trader spent 200,000 USDC to buy 919.4 LAPTOP at $217.5 per token about an hour ago, then saw the token’s price plunge to $4.4 within 50 minutes. The position’s estimated value fell to $4,045, marking a 98% drop. The unrealized loss stood at about $196,000 (260 million won), and the wallet was identified as the address with the largest loss in the LAPTOP token.