About 86% of traders incurred losses due to LIBRA, with a cumulative loss of approximately $251 million

According to Bloomberg, research firm Nansen reported that approximately 86% of traders have incurred losses after investing in Libra, which was endorsed by Argentine President Javier Milei. The company analyzed the winners and losers of the Libra token in a report, which estimated the cumulative loss of the Libra token to be $251 million, while a few profitable traders collectively profited $180 million. In a report analyzing over 15000 cryptocurrency wallets with gains or losses exceeding $1000, Nansen researcher Nicolai Sondergaard wrote, "We have seen very solid on chain evidence that a group of 'insiders' unilaterally profited from participating retail investors