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February 20, 2025

Massive Losses for LIBRA Traders Amid Controversy Surrounding Milei

Recent analysis from Nansen Research reveals that a staggering 86% of LIBRA token traders have faced substantial losses, totaling 251 million, while a minority managed to gain 180 million. The Solana-based token experienced a brief spike in popularity following a tweet from Argentine President Javier Milei, which drove its price up to 4.55 before a drastic collapse. The volatile nature of LIBRA trading highlights the risks associated with new and speculative crypto projects, where rapid swings in sentiment can lead to severe financial consequences.

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