Onchain Analyst Links YZY & LIBRA Wallets to $23M Extracted, Raises Concerns about Market Integrity

Key insights from onchain analyst Dethective reveal potential insider activity in the launches of both YZY and LIBRA tokens. Nearly $23 million was extracted through strategic sniping tactics associated with these wallets, raising concerns about market integrity and future token releases. Dethective’s analysis suggests insider manipulation during these launches, with a wallet linked to YZY sniping activity also connected to individuals involved in the LIBRA launch. The implications for market trust are significant, as this incident underscores vulnerabilities within new token launches and emphasizes the need for robust investor protection.