Crypto Insiders Cash Out Millions Before Collapse

Insiders Extract $107 Million Before Memecoin Collapse

• Argentinian President Javier Milei initially supported the launch of LIBRA, a memecoin.
• LIBRA’s market cap reached $4 billion before its value collapsed.
• Milei retracted his support, citing lack of connection to the project.
• Insiders reportedly profited over $107 million in USDC and SOL from LIBRA sales.
• The LIBRA team used eight wallets to obtain 57.6 million USDC and 249,671 SOL ($49.7 million).
• LIBRA is now trading at a 92% decrease from its peak value.

The launch of the LIBRA memecoin saw insiders gain over $107 million before its market value plummeted, with President Javier Milei distancing himself from the project after initial support.