🚨 LIBRA Team Cashes Out $87M, Raising Concerns Over Token Control
Column
February 15, 2025 10:02 PM
In Brief:
LIBRA developers withdrew $87M in USDC and SOL from liquidity pools.
82% of LIBRA tokens are held by a single suspicious entity.
Blockchain data from Bubblemaps reveals that the team behind LIBRA has cashed out $87 million by removing liquidity from its pools, raising concerns about token control and investor risks. Analysts highlight that 82% of LIBRA tokens are concentrated in a single entity, further fueling speculation about the project's transparency.
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