A CRYPTOCURRENCY investor has paid over 64 ETH (more than $120,000) in fees to purchase 84 ETH ($156,000) worth of Four Coin – a newly-issued meme token on the Ethereum blockchain.
Investors had been willing to pay outrageously large amounts in fees to purchase FOUR as early on-chain data showed traders making up to $2 million in profit.
However, Four Coin has since plummeted in value, down more than 50 per cent in the last 24 hours.