This article examines a million-dollar memecoin trading loss, analyzing how a trader lost nearly $4 million from a $6 million initial investment. It breaks down specific position losses, including $2.49 million on a single memecoin and $915,000 on another, revealing a 67% capital loss rate. The piece highlights critical risk factors in memecoin trading: extreme volatility, poor portfolio diversification, inadequate stop-loss mechanisms, and concentrated positions in speculative assets. It addresses essential lessons for traders on Gate and other platforms, including position sizing discipline, liquidity management, and the importance of risk tolerance assessment. The comprehensive FAQ section clarifies memecoin characteristics, distinguishes them from mainstream cryptocurrencies, and provides practical guidance for identifying high-risk projects and recovering from trading losses through proper risk management strategies.