Quick Sale of LBR Tokens Leads to $85.3K Loss for Investor

A major investor, recently liquidated their entire stash of 213,695 Lybra Finance (LBR) tokens. This transaction, completed in a mere six minutes through four separate deals, earned the investor a total of 86.45 ETH, equivalent to about $201,000. The tokens were sold at an average price of $0.939 each. At the time of reporting, LBR is trading at $0.9228.



This investor had initially acquired these LBR tokens in two separate purchases on November 19 and December 27, 2023, spending a total of 125 ETH. The average purchase price then was $1,215.



However, this recent divestment turned out to be a financial setback for the investor. The return on investment (ROI) from these latest transactions was -28.2%, leading to a loss of 38.5 ETH, or roughly $85.3 thousand, in just two months.



This sell-off coincided with a 12% decline in LBR's


First found on: https://coinatory.com/cryptocurrency-news/quick-sale-of-lbr-tokens-16789/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP