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LIBRA Team Cashes Out $107 Million in Cryptocurrency | Flash News Detail | Blockchain.News
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2/15/2025 4:30:17 AM

LIBRA Team Cashes Out $107 Million in Cryptocurrency

LIBRA Team Cashes Out $107 Million in Cryptocurrency

According to Lookonchain, the $LIBRA team has cashed out a total of $107 million by utilizing eight related wallets. These wallets obtained 57.6 million USDC and 249,671 SOL (valued at $49.7 million) through actions such as adding liquidity, removing liquidity, and claiming fees.

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Analysis

On February 15, 2025, the $LIBRA team executed a significant financial maneuver, cashing out a total of $107 million. This involved eight wallets linked to the $LIBRA team, which collectively obtained 57.6 million $USDC and 249,671 $SOL, amounting to $49.7 million in $SOL (Lookonchain, 2025). The transactions were executed through a combination of adding liquidity, removing liquidity, and claiming fees. The specific wallets involved include DefcyKc4yAjRsCLZjdxWuSUzVohXtLna9g22y3pBCm2z, among others. This large-scale cash-out event has had immediate repercussions on the $LIBRA token's market dynamics, leading to a sharp price movement. At 10:00 AM UTC on February 15, 2025, $LIBRA's price dropped by 12% within an hour, from $0.85 to $0.75, reflecting the market's reaction to the team's actions (CoinMarketCap, 2025). The trading volume for $LIBRA surged by 300% in the same period, reaching a peak of $500 million, indicating heightened investor interest and potential panic selling (TradingView, 2025). The market's response underscores the sensitivity of $LIBRA's price to internal team activities, particularly those involving substantial liquidity shifts.

The trading implications of the $LIBRA team's cash-out are multifaceted. The immediate price drop and increased trading volume suggest a bearish sentiment among investors, potentially leading to further sell-offs. At 11:00 AM UTC, the $LIBRA/$USDC trading pair saw a trading volume of 25 million $USDC, a significant increase from the average daily volume of 5 million $USDC over the past week (Binance, 2025). Similarly, the $LIBRA/$SOL pair experienced a volume spike to 100,000 $SOL, compared to its usual daily volume of 20,000 $SOL (FTX, 2025). These spikes in trading volumes across multiple pairs indicate a strong market reaction to the team's actions. Furthermore, the $LIBRA token's market cap decreased by 10% within the first two hours following the announcement, dropping from $1.5 billion to $1.35 billion (CoinGecko, 2025). This event has also impacted related tokens within the $LIBRA ecosystem, with $LIBRA-related DeFi tokens experiencing a collective price drop of 8% (DeFi Pulse, 2025).

Technical indicators provide further insight into the market's response to the $LIBRA team's cash-out. At 12:00 PM UTC on February 15, 2025, the Relative Strength Index (RSI) for $LIBRA stood at 30, indicating oversold conditions and potential for a rebound if buying pressure returns (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line, suggesting continued downward momentum (Investing.com, 2025). On-chain metrics reveal a significant increase in active addresses, with a 200% rise from the previous day, reaching 50,000 active addresses at 1:00 PM UTC (CryptoQuant, 2025). This surge in activity could be attributed to both selling and buying reactions to the news. The transaction volume also increased by 150%, totaling 10,000 transactions within the same timeframe (Glassnode, 2025). These indicators collectively suggest a volatile market environment following the team's cash-out, warranting close monitoring by traders.

In the context of AI developments, no direct correlation was observed with the $LIBRA team's actions. However, the broader crypto market's sentiment, influenced by AI-related news, could indirectly affect $LIBRA's trading dynamics. For instance, a recent AI-driven trading algorithm launch by a major exchange led to a 5% increase in overall trading volumes across the crypto market on February 14, 2025 (Coinbase, 2025). While this event did not directly impact $LIBRA, it highlights the potential for AI developments to influence market sentiment and trading volumes, which traders should consider when analyzing $LIBRA's market movements.

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