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Arkham: LIBRA 70% of the Supply Held in 2 Addresses, Developers Still Control Over $1 Billion

2025-02-16 10:09

BlockBeats News, February 16th, according to Arkham Monitor, 70% of LIBRA's supply is held in 2 addresses, while 15% of the supply is directly deposited into the Meteora LP from the developer's address. The developer's LP has already collected over $20 million in transaction fees. Additionally, 7 different addresses received a total of 60 million LIBRA from the deployer, with each address providing liquidity to the pool, adding one-sided liquidity for selling, and eventually withdrawing funds in SOL and USDC.


It is worth noting that addresses related to LIBRA developers currently hold over $100 million in USDC and SOL, with the majority already transferred to separate holding addresses, now holding $57.6 million in USDC and $48.6 million in SOL.


BlockBeats previously reported that Kelsier Ventures, the token issuance advisor for LIBRA, has proposed to utilize the controlled 100% funds (up to $100 million) to repurchase LIBRA tokens and burn them.

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