LIBRA Token
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anchored·RKdi1P…zn2MSummary
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. A U.S. class action over LIBRA and the related M3M3 token (Hurlock v. Kelsier Ventures, S.D.N.Y.), which named Kelsier, Hayden Davis, Meteora and former Meteora CEO Benjamin Chow, was dismissed with prejudice on September 29, 2026; the court ruled only on the sufficiency of the pleadings and did not find whether the alleged conduct did or did not happen.
Connected Entities
7 entities · 60 linked investigations- Kelsier Ventures→mentioned with→Meteora(70%)
- Kelsier Ventures→mentioned with→Solana(80%)
- Hayden Davis→mentioned with→Solana(65%)
- Hayden Davis→mentioned with→Meteora(60%)
- Kelsier Ventures→mentioned with→Libra / Diem(70%)
- LIBRA Token→mentioned with→Libra / Diem(70%)
- Meteora→mentioned with→Libra / Diem(70%)
- Hayden Davis→mentioned with→Kelsier Ventures(80%)
- Hayden Davis→mentioned with→LIBRA Token(80%)
- Jupiter Exchange→mentioned with→Kelsier Ventures(80%)
- + 16 more
Connected Through
7 shared actors · 362 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- △Jupiter Exchangeexchange
- □Meteoraorganization
- ♦LIBRA Tokentoken
Live On-Chain Activity
1 address watched · via HeliusTimeline(16 events)
2021
Milei promotes CoinX, a cryptocurrency project later banned by Argentine regulators; thousands of investors report losses.
2022
Milei promotes Vulcano Game NFT; the token's price subsequently falls to zero.
February 2025
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.
February 2025
$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.
February 2025
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.
February 2025
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.
February 2025
Market cap has fallen from ~$4.6 billion to ~$162 million. At least 44,000–74,000 investors have suffered losses.
February 2025
Over 112 criminal complaints filed in Argentina against Milei and other parties. Opposition coalition announces impeachment proceedings.
February 2025
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.
February 2025
Chainalysis confirms eight wallets linked to the token creator withdrew approximately $99 million. Reuters reports findings.
March 2025
Argentine prosecutor seeks Interpol Red Notice for Hayden Davis, citing risk that financial resources could enable him to evade arrest.
April 2025
Argentine Congress formally approves a congressional investigation into the $LIBRA scandal.
April 2025
Bubblemaps reports Davis removed $100 million in liquidity from $LIBRA using a strategy allegedly similar to the one used with the $MELANIA token.
May 2025
Argentine federal investigation continues; Novelli's family members' bank activities placed under scrutiny. Hayden Davis testifies in New York, denying fraud allegations.
November 2025
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.
29 September 2026
U.S. District Judge Jennifer L. Rochon (S.D.N.Y.) grants every motion to dismiss in Hurlock v. Kelsier Ventures, the LIBRA/M3M3 class action naming Kelsier, Hayden Davis, Meteora and Benjamin Chow; the amended complaint is dismissed with prejudice, leave to amend is denied and the case is closed. The court did not find whether the alleged conduct did or did not happen.
solanacompass.comDecision Log
- slot 423211592 · hash 8SdizCToKpv2krXaFR9d3P993Lfk297eAKyH79b66dcS
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 32 of 33 cited source URLs have an Internet Archive snapshot.
model: claude-code-update
generated: 5/30/2026, 6:33:08 PM
last updated: 10/2/2026, 6:22:35 AM
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