LIBRA Token
Summary
LIBRA ($LIBRA) is a Solana-based memecoin launched on February 14, 2025 by Kelsier Ventures as part of the 'Viva La Libertad' project, and publicly endorsed by Argentine President Javier Milei minutes after its creation. Within roughly one hour, the token's market cap peaked near $4.6 billion before crashing approximately 89% as insider wallets linked to the founding team extracted an estimated $87–107 million in liquidity, leaving an estimated 44,000–114,000 retail investors with severe losses. The incident triggered over 112 criminal complaints in Argentina, a federal fraud investigation, congressional proceedings, international asset freezes, and an Interpol Red Notice request against key operator Hayden Davis.
Connected Entities
1 entities- + 3 more
Timeline(15 events)
2021-01-01
Milei promotes CoinX, a cryptocurrency project later banned by Argentine regulators; thousands of investors report losses.
2022-01-01
Milei promotes Vulcano Game NFT; the token's price subsequently falls to zero.
2025-02-11
A draft document dated this day, later recovered from Novelli's seized device, allegedly outlines a $5 million three-part payment deal tied to Milei's promotion of $LIBRA.
2025-02-14
$LIBRA token created at 6:58 PM Argentina time by Kelsier Ventures on Solana; liquidity pools opened on Meteora. On-chain records show one address received 1 million tokens approximately 20 minutes before Milei's tweet.
2025-02-14
At 7:01 PM Argentina time, President Milei posts endorsement of $LIBRA to ~3.8 million followers on X, Instagram, and Facebook. Token price surges to $5.20 within 40 minutes; market cap reaches ~$4.6 billion.
2025-02-14
Within three hours of Milei's post, insider wallets begin extracting liquidity. Token collapses approximately 89% to ~$0.99. Milei deletes his promotional post and issues a denial of prior knowledge.
2025-02-15
Market cap has fallen from ~$4.6 billion to ~$162 million. At least 44,000–74,000 investors have suffered losses.
2025-02-17
Over 112 criminal complaints filed in Argentina against Milei and other parties. Opposition coalition announces impeachment proceedings.
2025-02-18
Meteora co-founder Ben Chow resigns following allegations of insider trading and failures of judgment related to $LIBRA. TRM Labs publishes on-chain analysis documenting pre-tweet positioning and $90 million in consolidated funds.
2025-02-19
Chainalysis confirms eight wallets linked to the token creator withdrew approximately $99 million. Reuters reports findings.
2025-03-13
Argentine prosecutor seeks Interpol Red Notice for Hayden Davis, citing risk that financial resources could enable him to evade arrest.
2025-04-08
Argentine Congress formally approves a congressional investigation into the $LIBRA scandal.
2025-04-01
Bubblemaps reports Davis removed $100 million in liquidity from $LIBRA using a strategy allegedly similar to the one used with the $MELANIA token.
2025-05-01
Argentine federal investigation continues; Novelli's family members' bank activities placed under scrutiny. Hayden Davis testifies in New York, denying fraud allegations.
2025-11-01
Argentine congressional commission publishes a 200-page report concluding Milei provided 'essential collaboration' for the $LIBRA project and allegedly used the presidency to promote a scam. Report identifies 114,410 wallets with losses and $107 million in insider withdrawals.
Decision Log
- hash: 8SdizCToKpv2krXaFR9d3P993Lfk297eAKyH79b66dcS
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/30/2026, 6:33:08 PM
last updated: 5/30/2026, 6:33:12 PM
avoid.net — verified advice for a post-truth world