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Initial Transactions
At precisely 22:01:00, President Javier Milei's Twitter account lit up with an endorsement of Libra Token, supposedly designed to "invest in Argentine businesses." The token (Bo9jh3wsmcC2AjakLWzNmKJ3SgtZmXEcSaW7L2FAvUsU) had already been created by address (DefcyKc4yAjRsCLZjdxWuSUzVohXtLna9g22y3pBCm2z) and was lying in wait, like a predator preparing to strike.
10 transactions occurred before Milei's tweet, setting the stage for what was to come.
Notable early recipients:
Gj9esbWVNJyy55SDJzYudMAznewqmW3Xb6GpUakcCNwT: 200M Libra tokensFdWhTThthSN7mbcmBgh18dzogi1dXqQqBb6BnnzZEJJn: 500M Libra tokensBzzMNvfm7T6zSGFeLXzERmRxfKaNLdo4fSzvsisxcSzz: 75M Libra tokens (Liquidity Pool)
Let’s break this down: 95 million tokens were moved to two addresses and a liquidity pool before the public even had a chance to blink.
About Liquidity Pools Liquidity pools are the lifeblood of decentralized finance (DeFi). They allow traders to swap tokens seamlessly, provided there’s enough liquidity. But in this case, the pools were more like honey pots—designed to lure in unsuspecting investors before being drained dry. The pools were flooded with Libra tokens, even most people thought president was hacked.
44M USDC was withdrawn from liquidity pools.
240K SOL was removed.
The top liquidity provider alone managed to extract 142,574 SOL while dumping over 10M Libra tokens back into the pool—a masterclass in digital sleight of hand.
On February 14, 2025, Javier Milei sent shockwaves through the crypto space by endorsing a token that claimed to invest in Argentine businesses. Within minutes, Libra Token was live, liquidity was flowing in, and early traders were piling on. But just as fast as money entered, liquidity was meticulously drained‚ leaving behind a classic rug pull scenario.
With over 24 liquidity pools formed and millions of tokens shuffled around in strategic early transactions, questions started flying: Who profited? Who got rekt? And was this planned from the start?
This dashboard breaks down what happened‚ from the first transfers to the liquidity pool manipulation, tracking the winners, the losers, and the liquidity that vanished along the way.
The Winners' Circle: A Select Few
The numbers tell a story of surgical precision:
The top trader walked away with 8.59M USD in profit
The second most successful trader made 8.58M USD
Most intriguingly, several of the most profitable trades occurred at the exact moment of Milei's tweet
But here's the kicker: while these digital highwaymen made off with millions, 75% of traders were left holding worthless tokens. The median trader lost 23.415 USD, with some unfortunate souls down by as much as 70M USD.
The Aftermath: A Statistical Post-Mortem
The brutality of this rug pull is best captured in its cold, hard numbers:
Total traders: 116,957
Total trades executed: 618,115
Average net loss: -1,054.68 USD
Only the top 1% of traders made more than 9,541 USD
Lastly, the people behind the project (https://x.com/KelsierVentures/status/1890914579493863532) says it will add more liquidity and try to solve this situation. Isn't too late?