CASE $ LIBRA: almost 90% of the “traders” sold on decline and estimate that they lost more than US $ 2550 million

More than 86% of the “traders” of $ Pound sold with losses, adding a total of U $ 251 millionsaccording to the most recent report of the Blockchain analysis firm Nansen

This analysis reveals how most investors in this cryptocurrency, which are framed within the “meme coins” category, They suffered significant losseswhich suggests that the project could have been designed as a scheme of “PUMP-AND-DUMP“. In total, more than 15,000 portfolios, which made transactions with a volume of profits or higher losses au $ S1,000, ended up selling with losses.

The report, published on February 19, exposes the fierce division between the winners and the losers in the Token Fever $ Pound.

In fact, while 2,101 portfolios managed to ensure approximate profits of US $ 180 million, most traders faced considerable losses.

The report is conclusive

In Nansen’s words, “The insiders took profits, the retailers burned and the key sponsors were distanced“This contrast shows how a small number of portfolios accumulated millions of dollars, but most retail investors ended with deep losses.

The breakdown of losses is revealing. Around 1,478 wallets saw losses between US $ 1,000 YU $ s10,000, with a total of US $ 4.8 million. More than 2,800 wallets lost between US $ 10,000 YU $ S100,000, which implied a total loss of US $ 82.4 million.

Another 392 wallets suffered losses of between US $ 100,000 YU $ S1 million, accumulating US $ 96.5 million in losses. It should be noted that 23 portfolios lost more than US $ 1 million each, which represented a joint loss of US $ 40.9 million.

The analysis also highlights that the 15 main portfolios accumulated losses for a total of US $ 33.7 million, with one of them maintaining 57% of its original balance. A striking case was that of Dave Portnoyfounder of Barstool Sports, who suffered the largest individual loss with US $ 6.3 million. Portnoy, who was initially involved in the promotion of Token, tried to distance himself from the collapse of the project by returning the six million Libra tokens that he had received as payment.

The failure of $ Libra Memecoin has already triggered legal repercussions. The Burwick Law firm, which is carrying demands against the creators of Meme Coin Hawk Tuah (Hawk) and other platforms, has begun to investigate the collapse of $ LIBRA. Representing hundreds of affected customers, the firm has pledged to help victims explore financial recovery options.

The key figures behind the token launch $ Pound include a Hayden DavisCEO of Kelsier Ventures, and Julian Peh, CEO of Kip Protocol. According to the reports, Davis and his firm won around US $ 100 million with the launch of Libra, although Davis has insisted that he does not directly have the tokens and has no plans to sell them. The controversy intensified CArgentine President Javier Milei briefly shared a post about Libra On the social media platform X, a message that was eliminated in less than five hours. Local media suggested that Milei’s sister, Karina Milei, could be involved in the scandal, although these statements were rejected by Davis.