#LİBRA The 86% of LIBRA traders have reported losses exceeding $1,000, according to Nansen

More than 13,000 investors in the LIBRA memecoin backed by Argentine President Javier Milei lost a total of $251 million, according to blockchain research firm Nansen.

On-chain data shows that the investors most affected by the pump and dump scheme of the LIBRA memecoin lost a combined total of $251 million.

The blockchain research firm Nansen found that of the 15,430 wallets that sold with a gain or loss exceeding $1,000, more than 86% of them sold at a loss, totaling $251 million in combined losses.

“On the other hand, the other 2,101 profitable wallets managed to take home nearly $180 million in realized gains,” Nansen indicated in its February 19 report, which examines the biggest winners and losers of the LIBRA token (LIBRA), which was briefly shared by Argentine President Javier Milei on X.

“Insiders took profits, retail investors got burned, and major sponsors distanced themselves,” the firm noted. “A handful of wallets walked away with millions, while most traders were left with deep losses.”

Around 1,478 wallet holders reported a realized loss of between $1,000 and $10,000, totaling $4.8 million in realized combined losses.

More than 2,800 cryptocurrency wallets lost between $10,000 and $100,000, totaling $82.4 million; another 392 wallets lost between $100,000 and $1 million, with total losses of approximately $96.5 million.

Another 23 wallets that lost more than $1 million combined for a total of $40.9 million in losses.