On February 20th, according to Nansen's research, the LIBRA scandal in Argentina last weekend led to investors losing hundreds of millions of dollars in wealth. Data tracked on-chain by Nansen shows that 86% of traders collectively lost $251 million, while the profit makers only gained $180 million in profit. In other words, LIBRA is a 'net negative wealth creation' event, which may drain the market's Liquidity. Nansen's data shows that between February 16th and 18th, 70% of the Wallets trading LIBRA ultimately suffered losses.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
On February 20th, according to Nansen's research, the LIBRA scandal in Argentina last weekend led to investors losing hundreds of millions of dollars in wealth. Data tracked on-chain by Nansen shows that 86% of traders collectively lost $251 million, while the profit makers only gained $180 million in profit. In other words, LIBRA is a 'net negative wealth creation' event, which may drain the market's Liquidity. Nansen's data shows that between February 16th and 18th, 70% of the Wallets trading LIBRA ultimately suffered losses.