Just a few hours after the launch token Libra (LIBRA) has lost nearly 94% of its value after insiders cashed out more than $107 million in assets.
At least eight wallets linked to the Libra team have withdrawn cryptocurrency, according to analytics platform Lookonchain. liquidity from the token a few hours after the cryptocurrency's debut.
The LIBRA team cashed out $107 million! 8 wallets associated with the LIBRA team received $57,6 million in USDC and $49,7 million in 249 SOL by adding liquidity, withdrawing liquidity, and receiving fees, Lookonchain wrote in its publication.
Immediately after the launch on February 14 token Libra briefly rose to its peak market cap of $4,56 billion, but within hours of its debut kriptovalyuta lost more than 94% of its value.
The LIBRA rally began shortly after Miley posted on social media sharing the website address and contract for token He also called the cryptocurrency a “private project” designed to “contribute to the growth of the Argentine economy.”
After the token collapsed, Miley deleted his post and later published a new one, in which he blamed political opponents for the fall of LIBRA.
