A major controversy has erupted around the LIBRA token after a high-profile political figure briefly acknowledged it on social media, only to quickly backtrack. The post was subsequently deleted, with the individual denying any involvement or connection to the project.
The aftermath proved devastating for token holders. Data from Chainalysis reveals that approximately $99 million in liquidity was rapidly withdrawn from the pool following the incident. This massive outflow underscores the volatility and risk inherent in tokens tied to political figures or controversial narratives.
The incident serves as a cautionary tale about the dangers of celebrity or politician-endorsed digital assets, particularly when those backing them attempt to distance themselves. For traders and investors monitoring the space, this represents a textbook example of how quickly sentiment can shift and capital can evaporate in the crypto market.
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GasGuzzler
· 17h ago
It's the same old trick again. A politician's one statement can harvest 99 million in profits. That's hilarious.
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tx_pending_forever
· 19h ago
Damn, it's the same old trick again. A politician makes a statement, the price soars, then they deny it immediately. Retail investors were directly wiped out for 99 million... This is the crypto world.
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SleepyArbCat
· 01-11 12:53
99 million dollars evaporated in an instant, a single word from politicians can cut the leeks... As expected, the biggest risk in the crypto world has never been technology, but human nature.
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BuyTheTop
· 01-11 08:31
Hmm, it's the same old trick again. A politician's一句话 can cut a 99 million yuan leek? The crypto world is really outrageous.
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Here comes the scam of endorsing and then deleting posts to admit defeat; it's time to run.
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LIBRA is dead this time. The nine-figure liquidity just disappeared, thinner than paper.
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So the question is, why are there still people willing to play this politician coin?
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Tsk, as expected, things endorsed by politicians are all the same; they turn on you much faster than flipping a book.
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99M跑路... That's why I never touch celebrity coins; they're too shady.
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I just want to know how much those who knew in advance made?
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RetroHodler91
· 01-09 22:01
Haha, this is the daily life of the crypto world. A politician's一句话 can cut the leeks, deleting posts is even more ruthless...
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99 million just gone like that? Should have known that coins involved with politics are all scams.
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It's the same old story... official endorsement in one second, shifting blame in ten seconds, and the victims are always retail investors.
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Why are there still people willing to touch political coins? Isn't that just asking for death?
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It's just a tool for harvesting, nothing more.
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This logic is really clever—suck blood first, then pretend to be innocent. Classic scam method.
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99 million evaporated directly; this is a trust bankruptcy.
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MoonRocketTeam
· 01-09 21:58
99 million dollars evaporated instantly, this is the price of betting on politicians' endorsements... The rocket exploded before it even ignited.
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MetaverseVagabond
· 01-09 21:52
A politician's one sentence, and all the retail investors are wiped out lol
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PanicSeller
· 01-09 21:45
$99 million just disappeared like that? Laugh out loud, politicians promoting products are truly a mirror that reveals the true nature.
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GoldDiggerDuck
· 01-09 21:44
Oh no, it's the same old trick. As soon as politicians get involved, they have to run, and retail investors lose 99 million in bloodshed.
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99 million instantly evaporated. This is the result of betting on political endorsements.
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LIBRA really outdid itself this time. By the time they deleted the posts to deny it, the coin price had probably already been halved.
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Basically, it's a liquidity trap. Politicians become the bagholders and still want to walk away unscathed.
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This incident reminds me of those clickbaity headlines in the crypto world—every little movement makes them run.
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Why do some people still believe in political coins? Isn't this lesson enough?
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900 million just disappeared like that. The recent retail investor slaughter was really brutal.
LIBRA Token Liquidity Crisis Unfolds
A major controversy has erupted around the LIBRA token after a high-profile political figure briefly acknowledged it on social media, only to quickly backtrack. The post was subsequently deleted, with the individual denying any involvement or connection to the project.
The aftermath proved devastating for token holders. Data from Chainalysis reveals that approximately $99 million in liquidity was rapidly withdrawn from the pool following the incident. This massive outflow underscores the volatility and risk inherent in tokens tied to political figures or controversial narratives.
The incident serves as a cautionary tale about the dangers of celebrity or politician-endorsed digital assets, particularly when those backing them attempt to distance themselves. For traders and investors monitoring the space, this represents a textbook example of how quickly sentiment can shift and capital can evaporate in the crypto market.