According to PANews on February 15, according to monitoring by on-chain analyst Yu Jin, insiders suspected of trading $LIBRA, the Meme token issued by the Argentine president, made at least $20.18 million in profits through $LIBRA.
- In the hours before the tweet was released, USDC and SOL were withdrawn through CEXs such as Binance, Bybit, and Kucoin to prepare funds;
- Buy the first second the Argentine president tweets;
- Sell all in batches after the market pushes $LIBRA up.
At least 3 addresses have the same operation:
- 1 million USDC was used to buy 3.34 million LIBRA and the profit from selling was $8.58 million;
- 1.1 million USDC was used to purchase 5.1 million LIBRA, and the profit from selling was $6.45 million;
- 500,000 USDC was used to purchase 1.97 million LIBRA, and the profit from selling was $5.15 million.
