GuShiio.com Research from online data analysis platform Nansen shows that the LIBRA mine-related incident related to Argentine President Javier Mileii caused 86% of traders to lose money, with a total loss of US$251 million, while profit-makers earned US$180 million, making it an overall net negative wealth event. LIBRA was launched on Meteora, the decentralized exchange of Solana Ecology, on February 14. Due to Milei’s promotion on Platform X, its market value briefly surged to US$4.5 billion. However, its market value quickly fell by 90% due to a large number of internal addresses. Milei later deleted the relevant post and said he did not know the details of the project. The Argentine opposition party criticized the incident as an international scandal and threatened to initiate impeachment. (CoinDesk)
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