According to Arkham's monitoring on February 16, 70% of the LIBRA supply is located in 2 addresses, while 15% of the supply is directly deposited into the Meteora LP by the developer address. The developer address's LP has collected over 20 million USD in transaction fees. Additionally, a total of 60 million LIBRA were received by 7 different addresses from the deployer, and each address deposited LIBRA into the liquidity pool to add single-sided liquidity for the purpose of selling, and eventually withdrew SOL and USDC funds.
It is worth noting that the addresses related to the LIBRA developers currently hold over 100 million USD in USDC and SOL, with the majority already transferred to independent holding addresses, currently holding 57.6 million USD in USDC and 48.6 million USD in SOL.
BlockBeats previously reported that LIBRA token issuance advisor Kelsier Ventures has proposed to use the 100% funds (up to 100 million USD) under their control to repurchase and burn LIBRA tokens.
