Trader Faces Significant Loss After Erebus Token Plunge

According to Odaily, Onchain Lens monitoring revealed that a trader purchased 6.9 million Erebus (EREBUS) tokens at a high price, spending 604 SOL (equivalent to $94,000). Following the purchase, the token's value plummeted, compelling the trader to sell their holdings for just 46 SOL (approximately $7,000), resulting in a substantial loss of $87,000.