Argentina’s President #JavierMilei# endorsed the LIBRA meme token—then backtracked, admitting he didn’t do proper research. After his support, LIBRA soared 3,000% to a $4.5B valuation before insiders dumped $87M, causing a dramatic 90% crash.
🔹 Key Events:
✅ Milei’s endorsement triggered a massive pump
âś… Insiders controlled 82% of the supply and cashed out $107M
âś… Retail investors lost millions, with one trader losing $2M in just 2 hours
Milei denied involvement, calling critics “filthy rats,” but this isn’t his first crypto scandal. Legal experts suggest he may face market manipulation charges.
💠Is LIBRA another pump-and-dump scam? 👇 #MemeAlpha #CryptoScandal
Libra Coin Price Prediction: Insiders Cashed Out—What’s Next?
The Solana-based memecoin $LIBRA once surged to a $2 billion market cap. However, it has since dropped 96%, falling from $4.62 to $0.19. This sharp decline has sparked concerns about insider trading and liquidity manipulation. With $1.2 billion in trading volume within the first four hours and allegations of coordinated insider actions, investors must stay cautious.
Argentina’s President Javier Milei deleted the $LIBRA tweet, and now we get this explanation. It’s clear this is the same team—or at least using the same tactics—as those behind $MELANIA and $TRUMP. Somehow, they have ties to other world leaders, yet they’re freely pulling out hundreds of millions while we watch.
$LIBRA Insider Trading and Market Manipulation
LookOnchain data has exposed suspicious trading patterns, with insiders making over $20.18 million in profits. These wallets, linked to major exchanges like Binance, Bybit, and KuCoin, withdrew funds before the launch. They then acquired $LIBRA tokens within the first second and gradually sold as prices peaked.
At least three addresses followed this pattern, suggesting a well-planned insider scheme. Additionally, the $LIBRA team withdrew $87 million from liquidity pools, leaving 82% of the supply in a single entity’s control. This raises serious concerns about decentralization and investor safety.
Insider Dump Sparks Sell-Off Concerns
Recent data reveals that 11 insider wallets made $43.8 million by selling $LIBRA shortly after launch. These wallets were created just hours before the launch, accumulated large amounts, and sold at peak prices.
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