LIBRA Team Spends $17M USDC to Acquire Over 127,000 SOL

The evidence strongly supports the truthfulness of the statement. The primary source of this claim is a post from the highly authoritative on-chain analytics firm, Lookonchain, which explicitly states that the LIBRA team spent 17 million USDC to acquire approximately 127,000 SOL. This source is highly credible as it specializes in analyzing and reporting blockchain transactions and provides a direct link to the on-chain data for verification. The attribution of the specific wallet address to the LIBRA team is a crucial piece of evidence, which is established and corroborated by multiple sources. Secondary sources, such as news articles from CoinStats and Blockchain.news, further reinforce the claim by reporting on the same event. While some sources mention larger cumulative purchases (e.g., over 450,000 SOL), this information does not contradict the statement but rather places this specific 17 million USDC purchase within the context of a broader accumulation strategy by the LIBRA team. There are no conflicting reports or evidence to suggest the statement is false. The consistency across a primary on-chain analysis source and multiple secondary news sources provides high confidence in the accuracy of the statement.