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You really have to understand the reason why he was losing the money , generally there is a bearish season in every cryptocurrency. Probably he bought the cryptocurrency when the price was around $200. I don't see anything that might possibly give the cryptocurrency a question mark.you just need to do your due diligence before investing on solana, because currently i have a friend of mine that has lost so much money on solana, and he was very optimistic about the project.