More than 1,000 addresses on Solana have been identified as linked to Kelsier Ventures, one of the teams involved in the botched launch and rugpull of the Argentine memecoin, LIBRA. Across all of the tagged addresses, Kelsier Ventures holds almost $300M in funds, with approximately $100M in USDC and SOL tokens extracted from the LIBRA liquidity pools.
Kelsier Ventures addresses also hold ~71% of the total token supply of another bundled memecoin, BRYAN, of which they hold around $3.9M worth.
Kelsier Ventures was one of the parties involved in the recent launch of the LIBRA memecoin, which was promoted on launch by Argentine president, Javier Milei. While the token reached a market capitalization of more than $4.5B, it quickly lost 95% of its value over the subsequent five hours, with insiders dumping their allocations on late buyers and President Milei distancing himself from the token.
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