Why do my memecoin profits drop so much when I sell? 🤯

Hey crypto community, I’m completely new to memecoins and I’m hoping someone can explain this.

I bought a tiny amount of a memecoin on Photon for 0.01 SOL. I set my slippage at 10% and fees as low as possible (slippage 0.0001, bribery also low). While holding the coin, I saw that I was up 50%.

But when I sold, instead of getting that, my holdings showed only 17% PnL.

I understand slippage, fees, and price impact can affect this, but this feels extreme. Could this be because I’m trading such microscopic amounts? Or is it mostly because it’s an illiquid memecoin?

Any explanations or experiences from other memecoin newbies (or pros) would be greatly appreciated! 🙏