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@PressSec explains in this MAGA Minute! 🇺🇸
$LIBRA, reportedly launched by Argentine President Javier Milei @JMilei, has plunged over 85% from its $4.61 peak, now trading at $0.6 with a $600M market cap. In just 4 hours, its trading volume hit $1.2B.
On-chain analysis reveals insider traders made at least $20.18M from $LIBRA:
🔹 Withdrew USDC & SOL from Binance, Bybit, and KuCoin hours before the tweet.
🔹 Sniped $LIBRA in the first second of the announcement.
🔹 Gradually sold off after price surged.
🔹 At least 3 addresses followed the same pattern.
The team also profited $87M by removing USDC & SOL from liquidity pools. Meanwhile, 82% of $LIBRA remains controlled by a suspicious entity.
#Libra #JavierMilei