Have you heard of LIBRA, a new cryptocurrency? It had a wild ride! It started super high, then crashed fast. This is a story about how important it is to be careful with your money and to understand what you're investing in.
- LIBRA was a new cryptocurrency that quickly became very popular, then quickly lost value.
- Many people lost money because the price went down a lot.
- A few people made a lot of money because they bought and sold it at the right times.
- Some people think that insider trading happened, which means some people knew the price would go down before others and made a lot of money.
| Fact | Number |
|---|---|
| Total money lost by most traders | $251 million |
| Total money made by a few traders | at least $180 million |
| LIBRA's highest market cap (value) | $4.5 billion |
Experts are studying what happened to help people understand the risks of investing in cryptocurrencies. Remember, it's important to do your research and be careful with your money!
