• Wallets tied to the failed Libra (LIBRA) token continue to move funds despite fraud investigations
• Nearly $4 million in liquidity was pulled from the Libra token
• Libra-linked wallets bought $61.5 million worth of Solana (SOL)
• Wallets “Defcy” and “61yKS” identified as main buyers
• Both wallets held tens of millions in USDC before rotating into SOL
• Libra collapse earlier saw insiders cash out $107 million, causing a $4B crash
• Interpol notice requested for Libra creator Hayden Davis
• Previous asset freezes have been lifted, allowing funds to move again
• Libra-linked wallets may be shifting from memecoins to larger altcoins

Wallet addresses tied to the controversial Libra token continue to stay active, even as the project remains under investigation for fraud and insider activity. According to blockchain analytics platforms, these wallets are still pulling liquidity from the failed memecoin and rotating the funds into new assets.

In the latest activity, Libra-linked wallets withdrew almost $4 million from the LIBRA token to buy the recent dip in Solana (SOL). After the withdrawal, two wallets associated with the Libra team purchased $61.5 million worth of Solana at an average price of around $135.

The two main wallets involved were identified by Nansen as “Defcy,” labeled as the Libra Deployer, and “61yKS,” labeled as Libra: Wallet. Data shows that before the Solana purchase, the Defcy wallet held around $13 million in USDC, while the 61yKS wallet held roughly $44 million in USDC.

This wallet activity comes months after the Libra token collapsed. During that event, eight insider wallets cashed out around $107 million in liquidity, wiping out about $4 billion in market cap within hours. The scale of the crash triggered major controversy and legal attention.

Argentine lawyer Gregorio Dalbon even requested an Interpol Red Notice for Libra creator Hayden Davis, saying Davis poses a “procedural risk” since he could use large amounts of money to flee the United States.

Despite ongoing investigations, Libra-linked wallets continue to move funds. Earlier this year, a U.S. judge froze $57.6 million in USDC tied to the Libra case in a class-action lawsuit against Kelsier Ventures and its founders. However, the funds were later unfrozen after the court ruled that releasing them wouldn’t cause irreparable harm since money to compensate victims is still available.

Hayden Davis has also been connected to other controversial memecoins, including the Official Melania Meme (MELANIA) and Wolf (WOLF). The Wolf token crashed by 99% within two days after insiders controlled over 80% of the supply.

With the latest moves into SOL, the Libra deployer wallets appear to be shifting away from insider memecoin launches and moving toward larger altcoin positions during the ongoing market correction. This suggests a possible change in strategy from quick memecoin launches to more established cryptocurrencies.

Final Thought

The continued activity of Libra-linked wallets shows how much liquidity remains under the control of insiders, even after legal pressure and asset freezes. Their massive move into Solana signals confidence in major altcoins and highlights how controversial funds can still influence markets. As regulators continue investigating, these wallet movements will likely stay under close watch.