Farra Coin Fiasco’s financial damage was revealed in the Nansen report

The NANSEN series analysis platform has released a post -controversial balance code.

The results indicate that 86 % of the traders who bought Cryptocurrency together lost about $ 251 million, while a selection of winners of at least $ 180 million moved away.

High rise and fall

The scale appeared for the first time on Valentine’s Day, when he got an immediate traction after it seemed that Argentine President Javier Millie was supporting him in a post on X that has been deleted since then. The currency has been frame as a financial tool to support small companies in the Latin American country and enhance its economy.

While its ceiling on the market rapidly increased to $ 4.5 billion after an hour of offering it, the joy did not last long. Soon after, Hayden Davis, a major figure behind the project, rejected a mic symbol, contrary to his primary brand. This was launched in the decline in the price of the Almighty, which wiped out a lot of the value of the currency, which is the worsening situation when Milli reduced his promotional position after a increasing violent reaction.

Since then, the head of state has distanced from the distinctive symbol, claiming that he had no prior knowledge of his details, indicating that his post on social media has misrepresented his interpretation.

There was also doubts about trading from the inside, as Blockchain Analytics Bubblemaps participates evidence linking scale makers with Melania’s symbol.

While most people who bought Mimi coin suffered huge losses, a handful of opportunists managed to benefit from its fluctuations.

Winners and losers

According to Nanson a reportHe bought two governors and sold the original in 43 minutes, at least $ 5.4 million. According to what was reported, the largest beneficiary moved away from the failure of $ 25 million, although the number is disputed.

The data on the series indicates that some former merchants are likely to be snipers or robots, who were able to get out before prices collapsed, leaving retailers to suffer most losses. Nansen’s analysis shows that only 2,101 wallets made a profit, as it ended more than 15,000 red wallets.

Among the losers, the most titles lost (the worst of the performance of “33.7 million dollars combined, with the largest achieved loss that comes from the founder of Parstool Sports Dave Portnoy.

Interestingly, despite the tremendous recession, some merchants continued to buy and sell the balance, especially after Milei tweet on February 17 raised attention for a short time in the cryptocurrency and raised its price by 125 %. However, the currency has regained all the gains in the next 24 hours, ensuring that most of those who participated in the post -breeding period have suffered losses.

According to the report, there are still more than 1,000 wallets carrying a Mimi currency, with unreasonable losses of about $ 11 million. 71 other profitable addresses technically, but its combined gains amounted to only $ 540,000 as of February 18.