Login
Sign Up
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.