Argentine President Javier Milei’s sharing from the X account about Solana -based breast Coin Lilbra led to great mobility in the markets. After the sharing, the price of LIBRA jumped for $ 0.75 in minutes, while a 50 %decrease in hours, a hard collapse. In this process, a total of $ 2.78 million losses as a result of two separate investment initiatives of a LIBRA whale appeared.
Incorrect trade moves of LIBRA whale
According to Solscan, the On-Chain Analysis Platform, the whale entered LIBRA three days ago by depositing 17,450 left (about 3.25 million dollars). However, as a result of selling its assets for 3,200 left ($ 595,000), 14,250 left ($ 2,65 million) damaged.
In a second attempt, the whale made a new investment move after President Javier Milei’s sharing about LIBRA. This time, 2,855 left (531,000 dollars) spent the whale, but sold its investment for $ 2,159 left ($ 412,000) and damaged 696 left ($ 129,000). As a result of two unsuccessful transactions, the loss reached $ 2.78 million.
The price of LIBRA fell to $ 0.3625 with a 50 %drop after reaching $ 0.75 during the day. However, token, which still exhibited an increase of 34 % on a daily basis, reached a volume of 162 million dollars by experiencing a volume increase of 740 %.
President Javier Milei: “I was misunderstood”
These major fluctuations with Lıbra Token caused President Javier Milei to be included in the controversy. Milei, accused of high -volume manipulation attempt by some segments, defended himself while making calls to prosecute and even dismiss. Millei admitted that he had met with LIBRAKEN developers, but argued that social media shares did not intend to encourage people to invest in investment. Instead, he said it aims to raise awareness of Argentine enterprises that support the crypto currency ecosystem. He used the following statements in an interview with Todo Notcias, one of the local news channels:
I’m not an expert. My field of expertise is about economic growth. However, as a person with great interest in technology, I wanted to share this when I saw a tool that could help entrepreneurs to finance their projects.
The LIBRA scandal warns the influence of political leaders and well -known names in crypto money markets once again, while experts warn that care should be careful against such developments that cause fluctuations in the markets.
