86% of LIBRA traders suffered losses over $1000

A study by Nansen, a company specializing in blockchain analytics, revealed that more than 86% of investors in the LIBRA cryptocurrency suffered losses exceeding $1000. According to the company, 13,000 people involved in the LIBRA meme coin lost over $250 million.

Loss information

According to Nansen, which analyzed 15,000 crypto wallets associated with the LIBRA token, over 86% of records with losses or profits over $1000 ended in losses, with total losses amounting to $251 million. However, around 2100 wallets made a profit of $180 million. This reflects the typical "Pump and Dump" scheme, where most participants suffered losses, while insiders and big players made profits.

Losses by categories

According to the data, a significant portion of the losses came from wallets that lost between $1000 and $10,000. There were about 1478 of these, with total losses of $4.8 million. More than 2800 crypto wallets lost between $10,000 and $100,000, totaling $82.4 million. And 392 wallets lost between $100,000 and $1 million, resulting in $96.5 million in losses.

The biggest losses were suffered by 23 wallets, whose losses exceeded $1 million, totaling $40.9 million.

Insiders and big wins

The largest loss was $6.3 million on the wallet of the Barstool founder, who was an insider of the project and received LIBRA tokens for promotion. However, he returned part of the tokens, which reduced his losses. Among the biggest winners are Hayden Davis and Julian Pe from Kelsier Ventures, who earned about $100 million. Davis noted that he does not hold LIBRA tokens directly and does not plan to sell them. Earlier, we wrote about the situation with the President of Argentina in this article.