According to research by Nansen, an on chain data analysis platform, the Libra meme coin incident related to Argentine President Javier Milei resulted in 86% of traders losing money, with a total loss of $251 million, while the beneficiaries earned $180 million, making it an overall "net negative wealth event". LIBRA was launched on February 14th on the decentralized exchange Meteora in the Solana ecosystem, and briefly soared to a market value of $4.5 billion due to Milei's promotion on the X platform. However, the market value quickly dropped by 90% due to a large number of internal addresses selling off. Milei deleted the relevant post afterwards and stated that he "did not understand the details of the project". The Argentine opposition criticized the incident as an "international scandal" and threatened to initiate impeachment. (CoinDesk) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38227