A LIBRA investor lost an astonishing $2.78 million after making trades involving LIBRA in the cryptocurrency market. During two separate SOL-based transactions for LIBRA, the investor experienced extensive money loss. Solscan analytics with Lookonchain insights showcase how major cryptocurrency investment carries significant volatility risks through trading activities.
$3.25M Bet on LIBRA Ends in a $2.65M Loss
In the last three days, the whale spent 17,450 SOL worth $3.25 million to buy LIBRA tokens. Selling off these tokens caused Whale to experience a severe trade failure. Selling LIBRA tokens resulted in a total value of 3,200 SOL worth $595K while leaving the investor with a net loss of 14,250 SOL, corresponding to approximately $2.65 million.
The huge price decrease shows either weak market liquidity or LIBRA’s value quickly deteriorating following the whale transaction.
Javier Milei’s Retweet Sparks a Second Attempt
The whale returned to LIBRA shortly after Javier Milei shared purchase details for the token through Twitter. The investor spent $531,000 worth of 2,855 SOL to buy LIBRA for the second time. A subsequent SOL purchase proved unsuccessful when the whale sold the tokens at 2,159 SOL, totaling $412,000 in worth. Along with the previous trades, a loss of 696 SOL totaling approximately $129,000 brought the total to $2.78 million.
Market Reaction and Lessons from the Collapse
The LIBRA whale suffered catastrophic trading outcomes because of participating in speculative cryptocurrency trading of volatile digital assets. The significant financial losses stand as an important warning for investors about conducting thorough market analysis together with risk control and liquidity examination before big trade executions. The market sentiment influenced by social media platforms along with influential figures like Javier Milei does not provide any guarantee for successful trades.
The future movement of the whale in relation to market losses remains uncertain because investors need to see how the situation will unfold.
