LIBRA Crash Wipes Out $251 Million from Investors — Nansen
Analysts at Nansen Research have calculated that investors in the meme coin LIBRA have collectively lost over $251 million. Their analysis only included wallets with gains or losses exceeding $1,000.
A staggering 86% of traders suffered losses, bringing the total amount lost to a quarter of a billion dollars. Meanwhile, the total profit made in the market amounted to just $180 million. Notably, a significant portion of these gains—$124 million—was concentrated in only 34 wallets, highlighting the uneven distribution of profits.
The collapse of LIBRA serves as another stark reminder of the risks associated with speculative meme coin investments.
