A trader lost nearly 489 SOL, about $117,300, on two purchases of HAWK.

According to the Monitor, a trader bought 2.75 million HAWK (a token launched by crypto KOL Haliey Welch) at a cost of 551 SOL (worth about $132,000), but sold it for only 69.5 SOL (worth about $16,700), losing 481.5 SOL (worth about $115,500). The trader then invested 74 SOL to purchase 3.77 million HAWK and sold it again for 66.6 SOL, again losing 7.4 SOL (worth approximately $1,800).