{"id":21334,"date":"2025-02-20T11:25:24","date_gmt":"2025-02-20T09:25:24","guid":{"rendered":"https:\/\/forklog.com\/en\/nansen-reports-251-million-losses-for-libra-traders\/"},"modified":"2025-02-20T11:25:24","modified_gmt":"2025-02-20T09:25:24","slug":"nansen-reports-251-million-losses-for-libra-traders","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nansen-reports-251-million-losses-for-libra-traders\/","title":{"rendered":"Nansen Reports $251 Million Losses for LIBRA Traders"},"content":{"rendered":"<p>Nearly 86% of traders in the meme coin LIBRA, indirectly linked to Argentina&#8217;s President Javier Milei, have incurred losses. According to a study by <a href=\"https:\/\/research.nansen.ai\/articles\/libra-the-aftermath\">Nansen Research<\/a>, the total losses amounted to $251 million.<\/p>\n<p><!--more--><\/p>\n<p>The remaining market participants earned $180 million. One of the most successful traders recorded a profit of $6.5 million. His wallet was funded through the Bybit exchange and another external source using trading bots.<\/p>\n<p>The overall result was calculated based on the activity of addresses with profits or losses exceeding $1000. Researchers noted that 1001 wallets hold LIBRA, with total unrealized losses amounting to $11 million.<\/p>\n<p>Earlier, Lookonchain reported that some users had twice recorded significant losses from investments in LIBRA. One whale lost a total of $2.78 million.<\/p>\n<p>LIBRA was launched on February 14 on the Solana blockchain. Almost immediately after, the President of Argentina mentioned the coin on X, sparking market excitement. <\/p>\n<p>Subsequently, he stated that he never urged people to buy LIBRA. However, Milei&#8217;s actions still led to a scandal. The president was accused of fraud, involvement in a Pump &#038; Dump scheme, and faced threats of impeachment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly 86% of traders in the meme coin LIBRA, indirectly linked to Argentina&#8217;s President Javier Milei, have incurred losses. According to a study by Nansen Research, the total losses amounted to $251 million.<\/p>\n","protected":false},"author":1,"featured_media":21333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,1648],"class_list":["post-21334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-nansen"],"aioseo_notices":[],"amp_enabled":true,"views":"63","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21334"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21333"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}