TechFlow reported, according to CoinDesk, that Nansen's latest research shows the LIBRA meme coin event linked to Argentine President Milei resulted in total investor losses of $251 million, with 86% of traders suffering losses while profitable traders gained only $180 million.
The token launched last Friday on Solana-based decentralized exchange Meteora, briefly surpassing a $4.5 billion market cap. However, after heavy selling by insiders, its market cap plunged 90%. As of February 18, the number of LIBRA holders had dropped from over 50,000 on February 14 to 35,770.
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