I've bought a meme coin using DexScreener and Phantom Wallet. I only placed $50.
If the worst happens, what is the maximum loss possible?
My understanding is that I should not lose more than the $50 I invested.
But then, when I see a red-coloured -$150 in my wallet, it makes me wonder, am I expected to pay that loss?
No mate you are not paying to lose in your investment, the $50 will be the only amount you will lose if the meme coin fall to zero and become worthless at the end, you will hold the worthless coins but the $ value will be lost alongside with the market collapse, so you are not owning anybody $150 maybe I don't k iw you may have to share a screenshot of your wallet homepage for us to know the nature of your holdings, I don't know if phantom wallet offer's other services like staking or borrowing but by displaying your wallet front page, it will help a lot to clarify our assumptions on this question.