Imagine a new cryptocurrency, Libra, that zoomed to a super high value really fast, then crashed! It was like a rollercoaster ride for the people who bought it. This happened very quickly, and lots of people lost money. Experts are investigating what went wrong.
- Libra was a new cryptocurrency on the Solana network.
- It quickly reached a value of $1.16 billion, then lost most of it.
- Many people think some people cheated by getting the coin early.
- This is making people think about how new cryptocurrencies are launched.
| Fact | Number |
|---|---|
| Starting market cap | $1.16 billion |
| Percentage lost | 95% |
| Money lost by traders | >$280 million |
| Number of traders affected | ~75,000 |
