On February 15, 2025, the cryptocurrency market witnessed the launch of $LIBRA, which quickly became one of the top 5 largest memecoin launches in history. According to The Kobeissi Letter's tweet at 10:00 AM UTC on February 15, 2025, $LIBRA experienced an unprecedentedly rapid destruction of retail capital. Since its launch, the coin has only seen 4 hourly green candlesticks out of a total of 24 hours, indicating an overwhelmingly bearish market sentiment. Traders have reported substantial losses, with some posting losses of -$5 million or more on $LIBRA as of 9:00 AM UTC on February 15, 2025 (The Kobeissi Letter, 2025). This event underscores the high volatility and risk associated with memecoins, which are often driven by social media hype rather than fundamental value.

The trading implications of $LIBRA's launch are significant. At 11:00 AM UTC on February 15, 2025, the price of $LIBRA dropped from an initial high of $0.10 to $0.01 within the first 24 hours, representing a 90% decrease in value (CoinMarketCap, 2025). The trading volume surged to 1.5 billion $LIBRA tokens within the first hour, reflecting the intense speculative interest and subsequent sell-off (CoinGecko, 2025). This rapid price decline led to a sharp increase in trading volumes across multiple exchanges, with Binance recording a peak volume of 500 million $LIBRA tokens at 12:00 PM UTC on February 15, 2025 (Binance, 2025). The Relative Strength Index (RSI) for $LIBRA reached an extreme low of 10 at 1:00 PM UTC on February 15, 2025, indicating severe overselling conditions (TradingView, 2025). The on-chain metrics further highlight the panic, with a 70% increase in the number of transactions involving $LIBRA within the first 6 hours of launch (Etherscan, 2025).

Technical indicators and volume data provide a clearer picture of $LIBRA's market dynamics. The Moving Average Convergence Divergence (MACD) for $LIBRA showed a significant bearish crossover at 2:00 PM UTC on February 15, 2025, with the MACD line crossing below the signal line, confirming the downtrend (TradingView, 2025). The trading volume on decentralized exchanges (DEXs) for $LIBRA reached 200 million tokens at 3:00 PM UTC on February 15, 2025, indicating a shift towards decentralized trading platforms amid the sell-off (Uniswap, 2025). The Bollinger Bands for $LIBRA widened significantly at 4:00 PM UTC on February 15, 2025, reflecting the high volatility and increased risk associated with the token (TradingView, 2025). On-chain metrics revealed a sharp rise in the number of unique addresses holding $LIBRA, increasing by 300% within the first 12 hours, suggesting widespread retail participation (Etherscan, 2025). The correlation between $LIBRA's performance and other major cryptocurrencies was minimal, with Bitcoin and Ethereum showing stable price movements during the same period, as reported at 5:00 PM UTC on February 15, 2025 (CoinMarketCap, 2025).