Libra-Linked Wallets Shift from Memecoins to Solana after Massive $61.5M Buy-In

Recent blockchain data reveals that wallets linked to the collapsed Libra token have made a significant shift, investing over $61.5 million in Solana (SOL). This move comes as part of a strategy to capitalize on a perceived market dip and preserve value from the failed memecoin project. The wallets drained nearly $4 million worth of Libra liquidity before this purchase, likely leveraging stablecoin holdings for funding. These transactions highlight a calculated attempt by entities behind the token to move away from volatile memecoins towards more stable and established crypto assets during a perceived market downturn.