Libra token’s ‘ghost’ wallets resume activity, moving stablecoins into Solana as SOL shows signs of bottoming near $130
first published 2025-11-18T10:46:58Z
Two addresses previously tied to the controversial Libra memecoin withdrew about $4M in liquidity from the failed token and purchased $61.5M of Solana (SOL) at an average price of $135, according to Onchain Lens and Nansen. The buyers — labeled “Defcy” and “61yKS” — had previously held roughly $13M and $44M in USDC. The moves occur amid ongoing fraud probes, a request for an Interpol Red Notice for Libra creator Hayden Davis, and prior litigation that froze (then unfroze) $57.6M in USDC tied to Kelsier Ventures; earlier insider activity saw eight wallets cash out $107M, triggering an ~ $4B market-cap wipeout for the memecoin.
AI Analysis
Two specific on-chain addresses identified by Nansen moved roughly $61.5M into SOL at an average price of $135 and withdrew about $4M from the Libra memecoin; these are concrete on-chain flows. The story also includes ongoing fraud probes, an Interpol Red Notice request for the memecoin creator, and litigation that froze $57.6M in USDC — all factual context that increases risk perception.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
Source Articles
- Wallets tied to Libra scandal pull $4M and bet big on Solana - Cointelegraph
- Libra Scandal Wallets Quietly Move $4M and Go All-In on Solana - Coinpedia
- Hawk Tuah Girl Added to Solana Meme Coin Lawsuit—After She Cooperated With Law Firm - Decrypt
- Man Who Went By 'Shrek' Pleads Guilty to Helping Steal $263 Million in Crypto - Decrypt
- Libra token’s ghost wallets return: Solana buys stir legal and market controversy - Crypto News
- 3 SOL data points suggest $130 was the bottom: Is it time for a return to range highs? - Cointelegraph