BlockBeats reports that a scandal involving LIBRA in Argentina led to significant financial losses for investors, according to a February 20 study by Nansen. The incident resulted in a $251 million loss for 86% of traders last weekend.
Nansen's on-chain data indicates that trading LIBRA was a 'net negative wealth creation' event, with only $180 million in profits made. This event may have a detrimental impact on market liquidity.
Between February 16 and 18, 70% of wallets trading LIBRA experienced losses, highlighting the financial risks associated with the token.
Source : api.theblockbeats.news ↗