A trader looking to buy $9&nbsp;million of a recently popular Solana <button class="define-target" id="memecoin">memecoin</button>, dogwifhat (WIF), lost $5.7&nbsp;million of their funds to <button class="define-target" id="slippage">slippage</button> as they placed a massive order in a <button class="define-target" id="liquidity-pool">pool</button> with relatively low liquidity. $5.7&nbsp;million of their funds were lost to "slippage" — the discrepancy in price that can occur when a trade is so large or a market is so illiquid that the trade itself impacts the asset price.<p>Some have speculated that the trade might be an expensive marketing stunt to increase attention to WIF, which was losing some steam.</p><p>I'll give it to them: the token's namesake is pretty cute. But not $9&nbsp;million cute.</p>

"Trader Buys $9M of Solana Meme Coin Dogwifhat, But Loses Over 60% to Slippage"

Trader loses $5.7 million to slippage in memecoin trade