Whales Strangely Continue to Swarm to a Popular New Altcoin that Turns Out to be a Scam
The ongoing whale activity in an altcoin that was recently exposed as a scam is drawing attention.
On-chain data provides interesting information about the cryptocurrency, which was understood to be a fraudulent cryptocurrency after it was introduced by Argentine President Javier Milei, and which Milei later claimed to have no connection with in a statement.
LIBRA, which has gone down in history as the biggest fraud case among political tokens to date, continues to attract the attention of crypto whales in an interesting way, according to onchain data.
According to the data, a crypto whale with a short address of 6jnGR purchased approximately 1.19 million LIBRA tokens with $478,000 worth of SOL hours ago. The whale lost $885,000 in this token during the rugpull scam, or 48% of his initial investment.
The crypto whale with the short address AjqxR, after it was revealed that the token was fraudulent, spent $448,000 in USDC to buy 980,000 LIBRA tokens. This whale had previously lost $937,000 in LIBRA, or 52% of its initial investment.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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