Over 86% of Libra Meme Coin Traders Sold at a Loss, Totaling $251M: Nansen

On-chain analysis reveals that the majority of Libra meme coin investors suffered significant losses in what appears to be a classic pump-and-dump scheme.

According to blockchain analytics firm Nansen, over 86% of traders, amounting to 15,430 wallets that traded with gains or losses exceeding $1,000, sold at a loss.

The combined realized losses reached a staggering $251 million.

Nansen Report Exposes Winners and Losers in Libra (LIBRA) Token Frenzy

Released on February 19, Nansen’s report highlights the stark contrast between winners and losers in the Libra (LIBRA) token frenzy.

While 2,101 wallets managed to secure profits totaling around $180 million, the overwhelming majority faced deep financial setbacks.

"Insiders took profits, retail got burned, and key backers distanced themselves," Nansen noted.

A select few wallets pocketed millions, but most retail investors were left with heavy losses.

The breakdown of losses reveals the extent of the financial damage. Approximately 1,478 wallets recorded losses between $1,000 and $10,000, amounting to $4.8 million.

Over 2,800 wallets lost between $10,000 and $100,000, totaling $82.4 million.

A further 392 wallets saw losses between $100,000 and $1 million, contributing to an additional $96.5 million deficit.

Notably, 23 wallets each lost more than $1 million, combining for a total loss of $40.9 million.

Nansen highlighted that the top 15 addresses alone accounted for $33.7 million in losses, with one wallet still holding 57% of its original balance.

Over 86% of Libra Meme Coin Traders Sold at a Loss, Totaling $251M: Nansen

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Nansen Report Exposes Winners and Losers in Libra (LIBRA) Token Frenzy

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