Some investors have incurred heavy losses twice after investing in the LIBRA token, which was promoted by Argentina’s president.

TRUMP made this guy a profit of $7.32M, but MELANIA caused him to lose $617K, and LIBRA caused him to lose another $1.76M!

This guy has lost twice on $LIBRA.

3 days ago, he spent $1.7M to buy $LIBRA and sold for $136K, losing $1.56M.

After Javier Milei (@JMilei) retweeted a… pic.twitter.com/LvAckm03Hi
— Lookonchain (@lookonchain) February 18, 2025

According to Lookonchain, three days ago, one unlucky trader spent $1.7 million to buy LIBRA, only to sell at a loss of $1.56 million.

“After Javier Milei reposted instructions on how to buy LIBRA, the user reinvested $300,000 in the asset and lost another $200,000,” analysts reported. However, they noted that “the guy made $7.32 million in profits on the TRUMP token” despite losing $617,000 on MELANIA.

Whales Make Mistakes Too

One whale also suffered heavy losses on LIBRA, losing a total of $2.78 million.

A whale lost twice on $LIBRA, with a total loss of $2.78M!

3 days ago, this whale spent 17,450 $SOL($3.25M) to buy $LIBRA and sold for 3,200 $SOL($595K), losing 14,250 $SOL($2.65M).

After Javier Milei (@JMilei) retweeted a post about how to buy $LIBRA, this whale spent 2,855… pic.twitter.com/lOTSWqC7MB
— Lookonchain (@lookonchain) February 17, 2025

Three days ago, this investor spent 17,450 SOL ($3.25 million) on LIBRA, only to sell for 3,200 SOL ($595,000), taking a loss of 14,250 SOL ($2.65 million).

As in the previous case, Milei’s retweet prompted the whale to repurchase LIBRA, this time for 2,855 SOL ($531,000). He later sold for 2,159 SOL, locking in a $129,000 loss.

Milei’s activity has sparked controversy, accusations of fraud, allegations of involvement in a pump-and-dump scheme, and even impeachment threats.

Barstool Sports founder Dave Portnoy bought LIBRA for approximately $170,000. This token is not related to the meme coin promoted by Milei and has a different contract address.