An investigation by the onchain analyst Dethective has uncovered a connection between YZY sniper wallets and the LIBRA token, indicating that the same operator may have made significant profits using insider knowledge. Dethective reported that a YZY sniper wallet acquired tokens worth $250,000 at a price much lower than that of other traders, resulting in over $1 million in profit shortly after. The same wallet was linked to a treasury that received funds from LIBRA-related wallets, which collectively extracted $21 million from the LIBRA token event. Nansen and Cyvers confirmed the overlap between the YZY and LIBRA wallets, suggesting coordinated actions. As concerns about insider trading arise, YZY's market cap experienced rapid fluctuations, peaking at $3 billion before declining significantly. This case highlights ongoing debates around insider trading in the crypto landscape.

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