LIBRA Token Supply Concentration Raises Concerns After $87 Million Extracted, Bubblemaps Says

Bubblemaps said a single LIBRA wallet cluster extracted about $87 million within the first hour of trading, with 82% of the token supply concentrated in that cluster. According to NS3.AI, LIBRA briefly reached approximately $4 billion in market cap in less than two days after Javier Milei publicly supported its launch. The token later crashed, and the report said investor losses exceeded $250 million.