Fidelity Falls

Libra, the Memecoin Created by Wolf of Wall Street's Creator, Crashes 99%

In a stunning turn of events, Libra, the cryptocurrency created by Jordan Belfort, the infamous Wolf of Wall Street, has taken a drastic plunge, losing a staggering 99% of its value in just a short period of time.

The memecoin, which was launched earlier this year with much fanfare, was touted as a joke cryptocurrency that would poke fun at the serious world of finance. However, it seems that the joke is now on the investors who bought into the hype.

According to reports, Libra's value has plummeted from its all-time high of $0.0001 to a mere $0.00001, wiping out millions of dollars in investor wealth. The cryptocurrency's market capitalization has also taken a hit, dropping from $1 million to just $100,000.

The reasons behind Libra's crash are unclear, but experts point to the cryptocurrency's lack of real-world utility and the fact that it was created as a joke. "It was always going to be a speculative bubble," said one analyst. "You can't build a sustainable investment case on a cryptocurrency that was created as a meme."

Jordan Belfort, the creator of Libra, has been unreachable for comment. However, his team has released a statement saying that they are "working on a solution to stabilize the market" and that they are "committed to making things right for our investors."

In the meantime, investors are left to pick up the pieces and wonder what they did wrong. As one investor said, "I thought it was a joke, but I guess I was the one who got punk'd."