Libra-Linked Wallets Invest in Solana amid Market Volatility

In a surprising move amidst the ongoing crypto market downturn, wallets connected to the controversial Libra memecoin scandal have significantly invested in Solana (SOL). This follows a period of instability and uncertainty within the broader crypto market, where major players like Bitcoin (BTC) are experiencing significant price declines. 2 wallets – Libra Deployer (Defcy) and Libra Wallet (61yKS) – recently purchased nearly $61.5 million worth of SOL at an average price of $135 per coin. These purchases came after the wallets had previously accumulated $57 million in USDC, highlighting their strategic approach to capitalizing on market dips.