Analysis: The LIBRA team is suspected of using three internal wallets to buy $1.6 million of LIBRA, making a profit of $6.65 million
```
On February 17th, according to Lookonchain monitoring, the LIBRA team is suspected of using 3 internal wallets to purchase their own tokens, making a profit of approximately $6.65 million. Just hours before LIBRA went online, the wallet address "0xcEAe...06e2" bridged $1.6 million USDC to 3 wallets on Solana through Avalanche, and purchased 3.77 million LIBRA tokens, then quickly sold them, selling $8.25 million USDC, netting $6.65 million.
In addition, the wallet was also found to bridge USDC to Solana through Avalanche, used to compensate Dave Portnoy, so it is speculated that "0xcEAe...06e2" may belong to the LIBRA team.
```
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Sets Higher Lows—Can Bulls Target $88K Resistance?
Solana Faces 50% Drop Risk as $125–$137 Range Holds the Key Amid Market Volatility
Panama City Council makes history as the first government institution accepting crypto payments
Share link:In this post: Panama City council voted in favor of becoming the first public institution of government to accept payments in cryptocurrencies. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, and USDT. The city partnered with a bank that will receive crypto payments and convert them on the spot to U.S. dollars, allowing for the free flow of crypto in the entire economy.
EnclaveX launch brings fully encrypted, cross-chain futures trading to retail investors
Trending news
MoreCrypto prices
More
