Bubblemaps: LIBRA Meme Coin Scheme Extracts $87M in 1 Hour via Single Wallet Cluster

According to blockchain analysis platform Bubblemaps, on February 14, 2025, after Argentina's President Javier Milei publicly supported Solana meme token LIBRA, the token's market cap reached approximately $4 billion within two days before crashing, causing investors losses exceeding $250 million. Bubblemaps found that a single wallet cluster extracted roughly $87 million by adding one-sided liquidity pools containing only LIBRA while withdrawing USDC and SOL from original pools, circumventing slippage on public markets.

Within LIBRA's first hour, Bubblemaps identified multiple red flags: 82% of token supply concentrated in a single wallet cluster, no tokenomics disclosure, and over $25 million in liquidity pool fees—far exceeding normal retail trading levels. The analysis firm linked the operation to other controversial meme coins including MELANIA, HOOD, TRUST, KACY, and VIBES, sharing a pattern of concentrated holdings during deployment, multi-wallet front-running, rapid market cap inflation, and coordinated exit. Bubblemaps stated that early-stage metrics such as wallet clustering and supply concentration could have exposed these risks.