LIBRA Arbitrage Cluster Drains $87M in One Hour
2026-06-30 19:50

Woofun AI reports that blockchain analytics firm Bubblemaps investigated the Solana Meme token LIBRA, identifying a sophisticated arbitrage scheme. On February 14, 2025, following Argentine President Javier Milei's public support, LIBRA's market cap briefly hit $4 billion before collapsing, causing over $250 million in investor losses. Bubblemaps found that 82% of the supply was concentrated in one wallet cluster with no disclosed tokenomics. Instead of direct dumping, the deployer used Meteora to add a one-sided liquidity pool containing only LIBRA while withdrawing USDC and SOL, extracting approximately $87 million within the first hour. On-chain evidence links LIBRA to $MELANIA and Kelsier Ventures, suggesting a pattern of front-running and rapid exit strategies across multiple projects.

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Tags:
LIBRA
$LIBRA
USDC
SOL
$MELANIA
$HOOD
$TRUST
$KACY
$VIBES
Javier Milei
Hayden Davis
Bubblemaps
Meteora
Kelsier Ventures
Solana
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