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Jelitics loses over $1M trading 12 Solana meme coins, sells all positions after 0% win rate.

Market News
20 Oct 2026
Tokenpost
View Source
Bearish
Jelitics loses over $1M trading 12 Solana meme coins, sells all positions after 0% win rate.

Jelitics experienced losses exceeding $1 million after trading 12 different meme coins based on the Solana blockchain, with every trade resulting in a loss and a 0% win rate. Following these losses, Jelitics sold all its meme coin holdings. A related incident on September 5 involved nearly $907,000 lost in just two meme coin trades in a single day. These significant losses highlight the risks involved in trading meme coins, especially on newer blockchains like Solana.

Solana meme coin trading losses provide context for this market snapshot. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 21, 2026 01:21 WIB: 44 of 50 major cryptocurrencies rose, 5 fell. XTZ (Tezos) rose 4.44% to Rp5.640 with 67% sell orders, GRT (The Graph) rose 4.15% to Rp447 with 94% sell orders, and ALGO (Algorand) rose 4.04% to Rp2.034 with 62% sell orders. Typical hold times range from 99 to 130 days on Pluang.

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