‼️ $LIBRA Rug Pull: Insiders Took Millions, the Market Took the Loss

We’re back with another deep dive into the #LIBRA chaos — total losses now exceed $500M, making it one of the biggest insider scams in crypto history.

☠️ How Did They Steal Hundreds of Millions?

➖ Launching Memecoins – M3M3 was used to push $LIBRA, #MELANIA, #AIAI, #MATES, #ENRON. Insiders stocked up before the public even knew.

➖ Liquidity Manipulation – Kelsier and Ben Chow controlled trading, preventing real market price discovery.

➖ Pump Through Influencers – massive hype lured retail investors in.

➖ Dump – insiders cashed out, leaving late buyers with worthless tokens.

Who’s Involved? 🥷

1. Kelsier – admitted to a $100M fraud, then offered to “buy back” tokens — just another pump scheme.
2. Ben Chow (Meteora) – stepped down after the scandal, but his team controlled liquidity.
3. Hayden Davis – orchestrated fund withdrawals and insider trading.
4. Argentina’s President – his tweets were used to drive buying frenzy.

The Aftermath 📉

➖ 75,000 wallets wiped out, $200M stolen, and total market losses over $500M.
➖ Solayer developer lost $2M investing in insider-run tokens.
➖ Ben Chow left Meteora, claiming “his team wasn’t involved”

💡 What’s Next?
Solana’s ecosystem took a hit, but insider-driven memecoins aren’t going anywhere. Meanwhile, #FTX repayments are bringing fresh liquidity into the market, and record short positions on #$ETH ($11B) suggest that manipulation is far from over.

⚠️ $LIBRA shows exactly how this market works: those in the know make millions, the rest get left with nothing

#Crypto #CryptoNews