LIBRA, a meme coin on the Solana blockchain, surged to a market value of $1.16 billion before collapsing.Early buyers of LIBRA token profited millions, while many regular investors lost money.Allegations of insider activity surfaced, with specific individuals acquiring tokens at reduced prices before disposing of them at the market's peak.DWF Labs emphasizes the need for more transparent regulations and safeguards to prevent future market manipulations.