{"id":21267,"date":"2025-02-18T19:18:10","date_gmt":"2025-02-18T17:18:10","guid":{"rendered":"https:\/\/forklog.com\/en\/lookonchain-investors-suffer-repeated-losses-on-libra-amid-argentine-presidents-influence\/"},"modified":"2025-02-18T19:18:10","modified_gmt":"2025-02-18T17:18:10","slug":"lookonchain-investors-suffer-repeated-losses-on-libra-amid-argentine-presidents-influence","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/lookonchain-investors-suffer-repeated-losses-on-libra-amid-argentine-presidents-influence\/","title":{"rendered":"Lookonchain: Investors Suffer Repeated Losses on LIBRA Amid Argentine President&#8217;s Influence"},"content":{"rendered":"<p>Several investors have incurred significant losses twice over from investments in the LIBRA token, heavily promoted by Argentina&#8217;s President Javier Milei.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">TRUMP made this guy a profit of $7.32M, but MELANIA caused him to lose $617K, and LIBRA caused him to lose another $1.76M!<\/p>\n<p>This guy has lost twice on <a href=\"https:\/\/twitter.com\/search?q=%24LIBRA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LIBRA<\/a>.<\/p>\n<p>3 days ago, he spent $1.7M to buy <a href=\"https:\/\/twitter.com\/search?q=%24LIBRA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LIBRA<\/a> and sold for $136K, losing $1.56M.<\/p>\n<p>After Javier Milei (<a href=\"https:\/\/twitter.com\/JMilei?ref_src=twsrc%5Etfw\">@JMilei<\/a>) retweeted a\u2026 <a href=\"https:\/\/t.co\/LvAckm03Hi\">pic.twitter.com\/LvAckm03Hi<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1891753461160804384?ref_src=twsrc%5Etfw\">February 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Lookonchain, three days ago, one market participant spent $1.7 million on the coin. He then sold the tokens, incurring a loss of $1.56 million.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;After Javier Milei reposted about how to buy LIBRA, the user spent $300,000 on reacquiring the asset and lost another $200,000,&#8221; analysts observed.<\/cite><\/p><\/blockquote>\n<p>However, they noted that &#8220;the guy made $7.32 million in profit on the <a href=\"https:\/\/u1f987.com\/en\/news\/what-to-know-about-donald-trumps-memecoin-surge-supply-and-industry-impact\">TRUMP<\/a> token,&#8221; although he lost $617,000 on investments in <a href=\"https:\/\/u1f987.com\/en\/news\/melanias-meme-coin-leaves-traders-pining-for-gary-gensler\">MELANIA<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">Even Whales Make Mistakes<\/h2>\n<p>One whale also recorded losses twice on investments in LIBRA, losing a total of $2.78 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A whale lost twice on <a href=\"https:\/\/twitter.com\/search?q=%24LIBRA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LIBRA<\/a>, with a total loss of $2.78M!<\/p>\n<p>3 days ago, this whale spent 17,450 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($3.25M) to buy <a href=\"https:\/\/twitter.com\/search?q=%24LIBRA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LIBRA<\/a> and sold for 3,200 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($595K), losing 14,250 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($2.65M).<\/p>\n<p>After Javier Milei (<a href=\"https:\/\/twitter.com\/JMilei?ref_src=twsrc%5Etfw\">@JMilei<\/a>) retweeted a post about how to buy <a href=\"https:\/\/twitter.com\/search?q=%24LIBRA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LIBRA<\/a>, this whale spent 2,855\u2026 <a href=\"https:\/\/t.co\/lOTSWqC7MB\">pic.twitter.com\/lOTSWqC7MB<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1891536967139197436?ref_src=twsrc%5Etfw\">February 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Three days ago, this market participant spent 17,450 SOL ($3.25 million) on purchasing LIBRA. He then sold the coins for 3,200 SOL ($595,000), losing 14,250 SOL ($2.65 million).<\/p>\n<p>As in the previous case, Milei&#8217;s retweet prompted the whale to repurchase LIBRA\u2014this time spending 2,855 SOL ($531,000). The investor then &#8220;dumped&#8221; the coins for 2,159 SOL, recording a loss of $129,000.<\/p>\n<p>Earlier, the activity of Argentina&#8217;s president led to scandal, accusations of fraud, involvement in a Pump &#038; Dump scheme, and the threat of impeachment.<\/p>\n<p>Barstool Sports founder Dave Portnoy purchased LIBRA for approximately $170,000. The token is not related to the meme coin mentioned by Milei and has a different contract address.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several investors have incurred significant losses twice over from investments in the LIBRA token, heavily promoted by Argentina&#8217;s President Javier Milei.<\/p>\n","protected":false},"author":1,"featured_media":21266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,1268],"class_list":["post-21267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21267"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21266"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}