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
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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.
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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.
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