Libra-Related Wallets Move Millions to Solana as Inactive Addresses Come Back to Life Amid Market Decline

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

SOL-3.936%

FLOW-7.516%

Source: Coinmarketcap

Updated: Nov 18 2025

Renewed Activity in Libra Wallets: Recent movements in wallets associated with the failed Libra meme token have raised concerns about insider control, particularly as these wallets began transferring large amounts of USDC into Solana after its price dipped below $130.
Dormant Wallets Reactivate: Two significant wallets, Libra Deployer and 61yKS, resumed activity after months of inactivity, accumulating a total of 456,401 SOL by utilizing large USDC balances to purchase Solana at an average price of $135.
Whale Activity During Market Correction: Outside the Libra network, large holders also became active, with one whale purchasing over $17 million in Solana, indicating renewed confidence in Solana's long-term potential despite short-term price fluctuations.
Ongoing Legal Investigations: Authorities are scrutinizing the flow of funds related to Libra and its creator, Hayden Davis, with recent legal actions including the freezing of assets linked to Davis and investigations tracing transactions across multiple blockchain networks.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.