Rich by Coin

Fresh movement across Libra-linked wallets has renewed concerns about insider control and on-chain oversight, with activity rising after Solana dipped below $130 as analysts monitor dormant insider addresses. Two wallets identified by Nansen as Libra Deployer and 61yKS intensified after months of silence, using large USDC balances to buy Solana at an average price of $135, with the Libra Deployer initially controlling over $13 million and the 61yKS wallet around $44 million, culminating in a 456,401 SOL accumulation. One wallet pulled liquidity from decentralized pools and steered stablecoins into Solana and wrapped Solana, a pattern tied to the Libra token’s rise and fall and to earlier liquidity exits that caused notable losses during the crash. Across the market, large non-Libra whale activity intensified as one buyer acquired more than $17 million in Solana and another moved $16.2 million to cold storage, while regulators trace Libra-linked funds across Arbitrum, Avalanche, and Solana as courts in the US and Argentina weigh asset freezes.