Trader chasing high and buying TJR, losing $45000 within 10 hours

According to Lookonchain monitoring, trader CCv4xA spent 50000 USDC to buy 2.47 million TJRs at a high level. Subsequently, the founder of TJRs clarified that the token was not caused by their project, resulting in a sharp drop in price. The trader sold all their holdings within 10 hours and only received 4886 USDC, resulting in a loss of $45000.