The Solana-based memecoin $LIBRA once surged to a $2 billion market cap. However, it has since dropped 96%, falling from $4.62 to $0.19. This sharp decline has sparked concerns about insider trading and liquidity manipulation. With $1.2 billion in trading volume within the first four hours and allegations of coordinated insider actions, investors must stay cautious.
Argentina’s President Javier Milei deleted the $LIBRA tweet, and now we get this explanation. It’s clear this is the same team—or at least using the same tactics—as those behind $MELANIA and $TRUMP. Somehow, they have ties to other world leaders, yet they’re freely pulling out hundreds of millions while we watch.
This article examines $LIBRA’s market trends, insider activity, and future price movement, offering a technical price prediction.
LookOnchain data has exposed suspicious trading patterns, with insiders making over $20.18 million in profits. These wallets, linked to major exchanges like Binance, Bybit, and KuCoin, withdrew funds before the launch. They then acquired $LIBRA tokens within the first second and gradually sold as prices peaked.
At least three addresses followed this pattern, suggesting a well-planned insider scheme. Additionally, the $LIBRA team withdrew $87 million from liquidity pools, leaving 82% of the supply in a single entity’s control. This raises serious concerns about decentralization and investor safety.
Recent data reveals that 11 insider wallets made $43.8 million by selling $LIBRA shortly after launch. These wallets were created just hours before the launch, accumulated large amounts, and sold at peak prices.
CMLkomKRxisYj8NbDX9F67rjTzB4aXy5mmCLU15cDbv5
5ow7xpWkzgHEDsY9nG1ntZaJoLiSk8aJKW86E9wMGuVv
8izuN26YkEv1CJxbD5EFcFKzKSJCWVgZozsyh93jdZEE
7qN8RpRpqgQf1gH6pE11vCrWfSH6t9WGZqepR33g5ao7
FS52oWvGn7gmo4fve1n8DPTfa84C5GH6fDhFoyZqRrcy
BdvuuA2KGwjAZKkh5RmiS97dsishpumJBzU5NJvZ6VAq
HyzGo2wCce9oiRfz1ox9DJZB63gjn8TAbcv819XZmz8Q
2NHGzdMGW4Zoe4Szypj3QpQuZR2mq3qRgQk6ek1KkH7V
DYan6HdoEof2rPZMYxntpBcghAjcFeaGcWVxWzsUHNRB
7WRgSzGS3944HU7qsB1kXNnAv1JBGfnK3Uo5Zptsp3WW
Gr3eiFhPfLAaA4SSHYqan8hcBB9dHLxRC176tfRtS4eb
On-chain data suggests the $LIBRA team withdrew $87.4 million from liquidity pools, worsening the sell-off. According to bubblemaps, these transactions indicate an effort to drain liquidity before a complete market collapse.
$27.8 million from a single wallet
$26.4 million from another major holder
Due to these large outflows, price volatility has increased, making further crashes likely. The top 100 holders have already faced average losses of 56%, with many early investors trapped in an illiquid market.
The LIBRA/SOL price action suggests a pump-and-dump scheme. The token initially spiked to 4.62 SOL but quickly dropped below 0.2 SOL, signaling manipulation.
RSI: 29.57 (Oversold)
MACD: Bearish, indicating continued downward momentum
Support Levels: 0.10-0.15 SOL
Resistance Levels: 0.45-0.50 SOL
In the short term, $LIBRA is expected to trade between 0.10-0.50 SOL. If sell pressure persists, further declines are likely. Without new buying interest, a quick recovery seems doubtful. Any rebound would likely be slow unless another artificial pump occurs.
Source: Dexscreener
A full recovery depends on whether insider selling slows and new investors enter. However, due to high manipulation and liquidity depletion, a long-term bullish outlook remains unlikely.
$LIBRA has displayed clear signs of a pump-and-dump scheme. Insiders have cashed out millions, leaving early investors with major losses. With an uncertain future and high volatility, traders must remain cautious and rely on technical indicators rather than market hype.
Also read: PI Network Price Prediction: Will Bybit & Binance Fuel a Rally?Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
https://www.linkedin.com/pulse/%C4%91%C6%A1n-gi%C3%A1-x%C3%A2y-nh%C3%A0-tr%E1%BB%8Dn-g%C3%B3i-t%E1%BA%A1i-c%E1%BA%A7n-th%C6%A1-cam-k%E1%BA%B... https://www.linkedin.com/pulse/%C4%91%C6%A1n-gi%C3%A1-x%C3%A2y-nh%C3%A0-tr%E1%BB%8Dn-g%C3%B3i-t%E1%BA%A1i-c%E1%BA%A7n-th%C6%A1-cam-k%E1%BA%BFt-ch%E1%BA%A5t-l%C6%B0%E1%BB%A3ng-hoang-oanh-8mtwc/ Pretty! This has been an extremely wonderful article. Many thanks for providing this information. https://www.linkedin.com/pulse/%C4%91%C6%A1n-gi%C3%A1-x%C3%A2y-nh%C3%A0-tr%E1%BB%8Dn-g%C3%B3i-t%E1%BA%A1i-c%E1%BA%A7n-th%C6%A1-cam-k%E1%BA%BFt-ch%E1%BA%A5t-l%C6%B0%E1%BB%A3ng-hoang-oanh-8mtwc/