According to Nansen’s report, 86 %of LIBra Token investors suffered. The report shows that the breast coin scandal has received a total of $ 251 million from investors.
The damage of the LIBRA disaster to investors
LIBRA breast coin scandal, who shook Argentina last weekend, destroyed millions of dollars of investor’s delegation. According to Nansen’s report, the winners in this process made a profit of $ 180 million, while the total loss reached $ 251 million. In other words, this situation was a “net-negative reserve-producing” event that attracted a large amount of liquidity from the market.
This shows that the tokens linked to political figures have great risks for investors such as random breast coins and famous crypto currencies.
The background of the collapse
Lıbra Token was released on Friday, February 16 at Solana -based decentralized stock market Meteora, and the Argentina President Javier Milei said that on the X (formerly twitter) platform, the project will focus on encouraging the growth of the Argentine economy and supporting the Argentine enterprises and supporting Argentine initiatives. It quickly reached a market value of $ 4.5 billion.
Following this announcement, more than 40,000 crypto wallets invested in LIBRAKEN and the price rose rapidly. However, this rise did not last long. Investors who have knowledge from the inside of the token by selling a large amount of token reduced the market value by 90 %.
Milei, then wiping the X sharing of the project did not know the details of the project, after being informed about the issue decided not to support. However, the damage was already done. The opposition threatened to dismiss Milei by describing the events as an international disgrace.
According to Nansen’s report, “70 %of the wallets that traded with LIBRAKEN on February 16-18 were damaged while trying to benefit from Javier Milei’s additional retweet.”
On February 14, more than 50,000 wallets Lıbra Token hired, this number fell to 35,770 on February 18th. On the other hand, on February 14, two wallets made a total of 5.4 million dollars profit. Kriptokoin.comWe have included details in this article.
