Blockchain analytics platform Bubblemaps has released a report on the Solana-based meme token LIBRA, detailing its rapid rise and fall. Following a supportive tweet from Argentine President Javier Milei on February 14, 2025, LIBRA's market capitalization soared to approximately $4 billion within two days. However, the token quickly collapsed, resulting in investor losses exceeding $250 million. The report also highlights the use of an "arbitrage withdrawal script" that facilitated fund withdrawals during the event.
Bubblemaps Exposes LIBRA Meme Coin Collapse and Fund Withdrawal Tactics
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