86% of LIBRA traders have realized a loss of more than $1K: Nansen
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Investor Losses from LIBRA Memecoin: A report by Nansen reveals that investors in the LIBRA memecoin scheme suffered a total loss of $251 million, with over 86% of wallets selling at a loss. The top 15 wallets alone accounted for losses totaling $33.7 million.
Legal Actions and Controversies: Burwick Law is pursuing a class-action lawsuit on behalf of affected investors, while key figures behind the LIBRA token, including Kelsier Ventures CEO Hayden Davis, have distanced themselves from the project amid allegations of insider trading and potential involvement of Argentine political figures.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
