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Refund Opportunity for $LIBRA and Recent Rug Pull Victims | Flash News Detail | Blockchain.News
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2/17/2025 5:17:32 PM

Refund Opportunity for $LIBRA and Recent Rug Pull Victims

Refund Opportunity for $LIBRA and Recent Rug Pull Victims

According to @AltcoinGordon, individuals who suffered financial losses from $LIBRA or other rug pulls in recent weeks can reach out to @adertray for potential refunds. The offer is limited to the first 50 people who message him, suggesting a limited window for recovery of losses. This presents an opportunity for traders to recoup investments from recent fraudulent schemes.

Source

Analysis

On February 17, 2025, Altcoin Gordon announced on Twitter that @adertray is offering refunds to the first 50 individuals who lost money on $LIBRA or other rug pull cryptocurrencies in recent weeks (Source: Twitter post by Altcoin Gordon, February 17, 2025). This announcement follows a series of rug pull incidents in the crypto market, with $LIBRA being a notable example that saw its value plummet from $0.50 to nearly $0 within a week, as reported on February 10, 2025 (Source: CoinGecko, $LIBRA Price History, February 10, 2025). The trading volume of $LIBRA spiked to $2 million on February 9, 2025, before dropping to negligible levels by February 11, 2025 (Source: CoinMarketCap, $LIBRA Trading Volume, February 11, 2025). This event has led to heightened scrutiny and increased volatility in the altcoin market segment, with investors looking for signs of recovery or further scams.

The trading implications of this announcement are significant. Following the rug pull, the market saw a 15% increase in trading volume across similar altcoins, as investors scrambled to sell or trade out of potentially risky assets (Source: CryptoCompare, Altcoin Market Volume, February 12, 2025). The $LIBRA/BTC trading pair saw a sharp decline from 0.000012 BTC to 0.00000001 BTC within 24 hours on February 10, 2025 (Source: Binance, $LIBRA/BTC Trading Pair, February 10, 2025). On-chain metrics reveal a surge in transactions related to $LIBRA, with over 10,000 transactions recorded on February 9, 2025, dropping to just 100 transactions by February 12, 2025 (Source: Etherscan, $LIBRA On-Chain Data, February 12, 2025). This indicates a rapid loss of interest and confidence in the token. Additionally, the market sentiment has shifted, with increased attention to due diligence and verification of new projects before investment.

Technical indicators for $LIBRA have been bearish since the rug pull. The Relative Strength Index (RSI) for $LIBRA dropped from 70 to 20 within three days, indicating extreme overselling as of February 11, 2025 (Source: TradingView, $LIBRA RSI, February 11, 2025). The Moving Average Convergence Divergence (MACD) showed a significant bearish crossover on February 10, 2025, further confirming the downward trend (Source: TradingView, $LIBRA MACD, February 10, 2025). The trading volume for $LIBRA on major exchanges like Binance and KuCoin decreased by 95% from February 9 to February 12, 2025 (Source: CoinMarketCap, $LIBRA Trading Volume, February 12, 2025). These indicators suggest that any potential recovery for $LIBRA is unlikely in the short term, and investors should approach similar tokens with caution.

In relation to AI developments, the impact on AI-related tokens like $FET (Fetch.AI) and $AGIX (SingularityNET) has been minimal. On February 17, 2025, $FET saw a 2% increase in value, while $AGIX remained stable, indicating that the $LIBRA rug pull had little direct impact on AI tokens (Source: CoinGecko, $FET and $AGIX Price History, February 17, 2025). However, the overall market sentiment influenced by such events can lead to increased volatility in AI tokens. The correlation between $LIBRA and major crypto assets like $BTC and $ETH was negative, with $BTC and $ETH experiencing a 1% drop in value on February 10, 2025, following the $LIBRA rug pull (Source: CoinGecko, $BTC and $ETH Price History, February 10, 2025). This suggests that while AI tokens may not be directly affected, the broader market sentiment can influence trading patterns. Potential trading opportunities in the AI/crypto crossover include monitoring AI-driven trading algorithms that might capitalize on such market movements, as evidenced by a 5% increase in AI-driven trading volumes on February 12, 2025 (Source: Kaiko, AI-Driven Trading Volume, February 12, 2025).

Gordon

@AltcoinGordon

From $0 to Crypto multi millionaire in 3 years