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Nansen experts: the collapse of the LIBRA memcoin deprived investors of $251 million

Nansen experts: the collapse of the LIBRA memcoin deprived investors of $251 million

02/20/2025

12 min

336

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Nansen experts: the collapse of the LIBRA memcoin deprived investors of $251 million. The main collage of the news.

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Pavel Kot

Author of the article

86% of traders lost money on the collapse of the token, according to a Nansen study.

LIBRA Market Value Drops 99% After Insider Selling.

Argentine President Disavows Project, Causes Political Scandal.

Nansen Research analysts have calculated the losses suffered by investors in the LIBRA memcoin. According to them, users have lost over $251 million in total.

The launch of the Solana-based memcoin was accompanied by sharp price jumps. In particular, the asset experienced rapid growth after the publication of a post on the X social network (formerly Twitter) supporting the asset by Argentine President Javier Miley.

Investors took his statement as a signal for growth, which led to the infusion of large funds and the achievement of a capitalization of $4.5 billion.