The Token Libra, briefly supported by Argentinian President Javier Milei, turned out to be a financial disaster for the majority of his investors. According to the study by a blockchain research company, more than 13,000 traders have suffered losses exceeding a total of $ 251 million.
Libra: a sudden craze followed by a brutal crash
It all started on February 14, 2025 at 10:01 p.m. UTC, when the Argentinian president expressed his support for Libra on social networks. This message immediately sparked a flambé of the Token Price, attracting a massive influx of Crypto investors. In a few hours, the Libra price reached an impressive summit of $ 4.55. However, this meteoric ascent was followed by an equally rapid fall, which cost Solana 6.2 % in one day.
The confusion has been amplified by the contradictory declarations of the project promoters. While the Libra was initially presented as a financing tool for small Argentinian companies, one of the project managers, Hayden Davis, later described it as a simple “same”. This declaration has cast doubt on the legitimacy of the project and contributed to the collapse of the crypto.
Massive losses for Crypto investors
Nansen's on-chain data reveal A worrying reality: out of the 15,431 crypto portfolios having recorded gains or losses greater than $ 1,000, 86.07 % suffered losses totaling $ 251 million. In addition, around 4,693 wallets recorded really significant losses. Among them, 1,478 lost between $ 1,000 and $ 10,000, or $ 4.8 million accumulated. More than 2,800 wallets lost between $ 10,000 and $ 100,000 (82.4 million), while 415 others lost more than $ 100,000, totaling $ 137.4 million.
On the other hand, 2,101 wallets made cumulative gains of $ 180 million. In particular, two active portfolios between 10:01 p.m. and 10:44 p.m. UTC, on February 14, garnered combined profits of $ 5.4 million! Suggesting a possible prior knowledge of events.
The Libra episode therefore highlights the risks linked to investments in speculative tokens, often influenced by public declarations such as the same from the Central African Republic. It would also be necessary to recall the importance of an in -depth analysis, before investing in the crypto.
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