According to Cas Abbé, the $LIBRA scam appears to have marked the decline of the memecoin hype. Traders are increasingly moving away from memecoin pump-and-dump schemes and are reallocating their portfolios towards utility coins. This shift is reflected by the rise in popularity and value of several Layer 1 (L1) and DeFi tokens, which are now showing significant gains compared to memecoins, as reported by Cas Abbé.

According to Crypto Rover, Binance founder CZ has pledged to donate 150 BNB, equivalent to $100,000, to assist the victims of the $LIBRA scam. This move aims to provide financial relief to those affected and demonstrates Binance's commitment to supporting the crypto community during fraudulent events.