Hey kids! Have you heard about memecoins? They're like digital stickers, but some people are using them for tricks! Recently, a memecoin called Libra crashed, losing almost all its value. This happened because some people knew about the coin before others and sold it quickly for big profits. This is a bad thing, and it's making people worry about memecoins.
- Some memecoins are like digital trading cards, others are scams.
- The Libra coin lost almost all its value very quickly.
- Experts say some people cheated to make money from Libra.
- Governments might make new rules to stop these scams.
| Fact | Number |
|---|---|
| Libra's value dropped by | 94% |
| Money lost by Libra investors | $4 billion |
| Money made by insiders | $107 million |
