About 86% of traders suffer losses due to LIBRA, with cumulative losses of approximately US$251 million

PANews reported on February 20 that research firm Nansen said about 86% of traders lost money after investing in LIBRA by Argentina President Javier Milei. The company analyzed the winners and losers of Libra tokens in a report, which said the cumulative loss of Libra tokens was estimated at $251 million, while a few profitable traders made a total of $180 million.

"We see very conclusive on-chain evidence that a group of 'insiders' unilaterally from participating retail investors," Nansen researcher Nicolai Sondergaard wrote in a report analyzing over 15,000 crypto wallets with gains or losses of more than $1,000. Make a profit on it.”