TechFlow news, on June 30, blockchain analysis platform Bubblemaps released a post-mortem investigation report on the Solana Meme token LIBRA, which pointed out that after Argentine President Javier Milei posted in support of LIBRA's launch on February 14, 2025, the token's market cap once reached approximately $4 billion within less than two days, but the rapid crash caused investors to lose over $250 million.
Bubblemaps stated that multiple abnormal signals appeared within the first hour of LIBRA's launch, such as 82% of the token supply concentrated in a single wallet cluster, lack of tokenomics information, and abnormal liquidity pool fees; the deployers did not directly dump LIBRA on the open market, but instead added a single-sided liquidity pool containing only LIBRA on Meteora, while withdrawing USDC and SOL from the original pool to achieve low-slippage fund transfers, and subsequently extracted approximately $87 million worth of crypto assets through this mechanism.
Bubblemaps summarized that the uniqueness of the LIBRA incident lay not in the technical methods, but in how an ordinary Meme coin operation ultimately escalated into an event of global attention, and they will continue to track relevant address activities in the future.
