In Argentina LIBRA The Altcoin scandal has suffered great damage. According to Blockchain analysis, Nansen, 86 percent of investors lost a total of $ 251 million, while the winners earned only $ 180 million. The incident once again showed how risky the subcoins linked to political figures could be.
The price rose rapidly and collapsed
LIBRA COIN Solana -based decentralized stock market began to be traded in Meteora. Argentine President Javier Milei‘s social media sharing led to the rapid value of Altcoin. Milei said that the project would revive the Argentine economy and support small businesses.
Investors quickly started to buy Altcoin. More than 40 thousand wallets invested in LIBRA. The market value exceeded $ 4.5 billion and made a huge rise. However, when some people started to sell large amounts of coins in their hands, the price suddenly fell. LIBRA’s market value fell by 90 percent in a few hours.
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Milei deleted social media sharing and explained that he did not know the details of the project. However, it was too late for investors. He called for the dismissal of Milei by evaluating the opposition in Argentina as a great scandal.
Most of the investors lost money
According to Nansen’s research, 70 percent of the wallets that traded in LIBRA between 16-18 February damaged. Many investors tried to gain after Milei’s sharing, but the losses increased with the collapse of the price.
AltcoinThe number of investors holding the hands of over 50 thousand on February 14, as of February 18 to 35 thousand 770 fell. Some investors made a huge gain from this situation. According to the report, the two wallets purchased LIBRA Coin at 22: 01 at 22: 01 and sold at 22:44 and earned a total of 5.4 million dollars.
What happened, memecoinHe once again proved how speculative and dangerous. Supported by political figures or famous names altcoinHe hit the face painful that he should be careful when investing in the s.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
