According to @KobeissiLetter, Hayden Davis, an insider involved with the memecoin $LIBRA, revealed profits of 'more or less $110 MILLION,' while insiders were reimbursed over $5 million. Meanwhile, retail investors saw a drastic reduction of $4.4 billion in market capitalization. This highlights significant market manipulation and discrepancies between insider profits and retail losses.

According to AltcoinGordon, it is more profitable to buy assets when their charts look unfavorable rather than chasing assets that are showing significant growth. Retail traders are reportedly losing capital on hyped launches, which often result in cash grabs. Gordon suggests that constantly switching from one coin to another in an attempt to recover losses is ineffective. Source: AltcoinGordon on Twitter.