A crypto trader suffered a loss of $60,000 within two hours after trading a new AI-powered token named MPLX.

A crypto investor suffered a significant loss of $60,000 in two hours on Tuesday due to FOMO, while trading Miniperplx AI (MPLX), a newly launched token. According to Lookonchain's report, the trader made impulsive decisions, initially buying MPLX at $0.02499 per token and later reinvesting during a price surge, leading to substantial losses. The token's value declined rapidly, resulting in total losses of $60,000 within two hours. Community members suggest that a more patient approach could have prevented the loss, as MPLX has since entered a downtrend, trading at $0.001799 with a market cap of $1.7 million. Despite high trading volume, experts warn about the risks of chasing quick profits due to extreme volatility in new tokens like MPLX. They advise caution and thorough research when trading crypto, especially newly launched projects.