At 6:00 AM this morning, Argentine President Javier Milei's official account announced the launch of the meme coin LIBRA and revealed the address, causing a price surge in LIBRA. The presidential candidate Javier Milei, who had vowed to destroy his country's central bank, was officially elected President of Argentina on November 20, 2023. He is known in the crypto community because he is also a staunch supporter of Bitcoin, hoping to use Bitcoin to address Argentina's inflation issue. Related reading: "This 'Bitcoin Madman' Has Really Become the President of Argentina", "Forbes: Why Are Argentines Embracing Cryptocurrency?"

However, about 4 hours later, Javier Milei deleted the earlier tweet and claimed he was not aware of the meme coin LIBRA that was released, causing the token's price to plummet. Subsequently, the team behind LIBRA responded, stating that President Milei was not involved in the development of the LIBRA project. Following Trump and the President of the Central African Republic, another president has issued a coin. What is the truth behind this? How will the farce of politicians issuing coins end? BlockBeats will continue to follow up and provide real-time updates. Below is a timeline:

February 20th

Argentine Regulatory Agency States No Authority to Intervene in LIBRA Event

On February 20th, according to local Argentine media Infobae, the National Securities Commission (CNV) has "chosen not to intervene" in the LIBRA event "so far because the current regulatory framework does not cover token advertising on decentralized platforms." However, the CNV stated that it will "accelerate measures" to "prevent further crypto fraud cases that harm investors."

Industry sources stated that the CNV is in the "final stage of formulating a new, more detailed regulatory framework." The aim of this regulation is to provide users with greater transparency and security and to establish a stronger legal framework for companies using cryptocurrencies, digital tokens, and other blockchain-based assets.

February 19th

Libra Co-founder Denies Bribing Milei, States Media Reports Are "Politically Motivated"

On February 19, Libra Token Co-Founder Hayden Davis denied bribing Argentine President Milei in a statement, calling the media reports "politically motivated." When asked if he denied making such accusations via text message, his public relations representative stated that there was no memory or record of it on Hayden's phone.

Libra Token Co-Founder Claims to Have Sent Money to Argentine President Milei's Sister

On February 19, it was reported that Hayden Davis, co-founder of the Libra Token, claimed in a text message from December last year that he influenced presidential decisions by bribing Karina Milei, the sister of Argentine President Javier Milei, stating, "I sent money to his sister, he signed as I wanted, and acted as I requested."

Note: Karina Milei is a key figure in the Milei government, currently serving as Chief of Staff of the Argentine Presidency and is the sister of current Argentine President Javier Milei. As of now, neither Karina Milei's office nor Hayden Davis has responded to requests for comment, and it is unclear whether the latter actually paid the funds.

February 18

Data: LIBRA Token Causes Losses for 74,698 Traders, Totaling Approximately $286 Million

According to crypto lawyer wassielawyer, data revealed that a total of 74,698 traders suffered losses in LIBRA Token transactions, with a total loss of approximately $286 million. There were 25 traders with losses exceeding $1 million, 52 traders with losses between $500,000 and $1 million, and a whopping 71,369 retail traders with losses below $10,000.

DeFiTuna Exposes LIBRA Issuance Advisor for Manipulating MELANIA and Other Projects, Raising Over $200 Million

On February 18, DeFiTuna founder Moty publicly announced via the X platform that they had fully refunded a $30,000 investment to their backer, Kelsier Ventures (LIBRA Token issuance advisor), and severed all ties. Kelsier had invested in DeFiTuna on January 16, 2025. Kelsier is currently facing serious allegations of market manipulation involving the LIBRA, MELANIA, and M3M3 issuance platforms. Moty disclosed a series of organized token manipulation actions by Kelsier.

Moty accuses Kelsier of the following: Kelsier's involvement in a structured fund harvesting scheme for meme issuance on the M3M3 platform; Meteora co-founder Ben and other leadership turning a blind eye to his actions harming the community's interests; despite direct contact with key Meteora members, there has been no accountability; Ben, after being questioned, pledged to step down but issued a vague public response. Moty stated, "I am putting my personal reputation and the DeFiTuna project at stake to drive key figures to expose and remove wrongdoers. Kelsier had contacted DeFiTuna through Lebanese employee Thomas to provide liquidity support for the M3M3 platform."

Key details disclosed by Moty include: M3M3 was initially packaged as an independent platform but was actually controlled by Meteora co-founder Ben; any project launching on M3M3 would have to allocate a token share to Kelsier's team; DeFiTuna co-founder Vlad was inadvertently involved, believing the collaboration was legitimate.

Regarding the behind-the-scenes manipulation of the MATES project: Kelsier requested DeFiTuna to manage liquidity for the first MATES project on M3M3; after the MATES token launched, it plummeted by 95%, a screenshot from February 18 shows the team discussing "maximizing fund harvesting"; Hayden Davis (Kelsier founder) instructed, "We need to extract the maximum value from this project, regardless of the founder's integrity."

Regarding the behind-the-scenes manipulation of the MELANIA token: one hour before the MELANIA token went live, Kelsier preemptively sent the token address to Vlad and informed him that Trump would retweet; transferred 1% of the token from the liquidity wallet to Vlad (peaking at a value of $100 million); Hayden requested an anonymous sale of all shares, converting them into NFTs of LP tokens on the Orca platform to evade on-chain tracking.

The Kelsier team harvested over $2.45 million from the community in just the MATES and AIAI projects, with total harvesting exceeding $2 billion from projects like MELANIA, LIBRA, ENRON, among others. Moty estimates that through projects like AIAI, MATES, ENRON, MELANIA, LIBRA, the Kelsier team has harvested over $2 billion in user funds.

pump.fun Co-founder: The LIBRA Incident Perpetrator Must Be Punished; On-chain Speculative Demand Will Not Disappear

At 4:58 am, pump.fun co-founder Alon Cohen stated, "I am disgusted by the events surrounding the LIBRA token over the past few days. Those behind the project have gained significant personal benefits at the expense of sacrificing numerous users, the ecosystem, and even an entire country. I hope the perpetrators receive the punishment they deserve."

At the same time, it is stated that "when we created pump fun, from the beginning, we set out to achieve standardization, automation, and democratization of token creation, thus establishing a secure, simple, and fair baseline for each issuance. Many have suggested that this could be the 'end of Meme coins,' but the fact is, the user demand for permissionless on-chain creation/speculation will not disappear.

That being said, for platforms like pump fun, providing protection to ensure users are as safe as possible is crucial while also meeting their needs."

Jupiter Founder: Meteora Co-founder Ben Resigns, Independent Third-Party Law Firm Hired to Produce LIBRA Investigation Report

At 9:28 AM, Jupiter Founder Meow posted on social media stating that neither Jupiter nor Meteora was involved in any insider trading or financial misconduct, or inappropriately received any tokens. An independent third party (Fenwick & West, one of the world's most renowned law firms) has been hired to conduct an investigation and produce a report that they will independently release.

It was also mentioned that Ben, as the project lead, has shown a lack of judgment in the past few months and has been indifferent to some core aspects of the project. Currently, Ben has resigned.

Argentinian President Milea Clarifies: Only Shared Cryptocurrency Information, Did Not Promote

On February 18, Argentinian President Milea stated on a TV show, "I acted in good faith, and as a result, I was struck. Did the country suffer losses? No. Did the Argentinian people suffer losses? At most, four or five. The vast majority of investors are Chinese and American.

I shared this information, just like I have shared hundreds of other things. My tweet was sent three minutes after the coin was created because I am passionate about these things and understand them. These people are volatility traders, knowing what they are doing. The claim that 44,000 people were affected is false; at most, only 5,000 people were. The possibility of Argentinians being involved is very small. These are people who are very professional in this financial instrument. Those involved are fully aware of the risks they are taking—they are volatility traders. This is a private matter between individuals, and they participated voluntarily.

I did not promote LIBRA; I merely shared LIBRA information. I did so because I am a firm believer in technological optimism. Any initiative that can improve funding for tech entrepreneurs attracts me. I did not make a mistake because I acted in good faith. However, when I saw the consequences, I realized that I have a lot to learn. I need to understand that even after becoming president, I need to continue to act as I did before. Unfortunately, this situation made me realize that I need to raise my screening standards and not be so easily accessible anymore."

Argentinian Lawyer Submits Criminal Complaint to FBI and US Department of Justice Regarding LIBRA Incident

According to reports, an Argentinian law firm submitted a criminal complaint to the US Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) on February 17, accusing the mastermind behind the collapse of the LIBRA token and requesting an investigation into the involvement of Argentinian President Mile in the matter.

On another legal front, the Civic Coalition ARI also filed a criminal complaint on February 17, requesting the Justice Department to investigate allegations of bribery and fraud against Mile.

The LIBRA token experienced a significant surge on February 14, as President Mile posted a tweet about the project on the X platform (formerly Twitter). The tweet, which has since been deleted, emphasized that the project would be used to fund "small businesses and startups in Argentina" and included a contract address, causing the token's market capitalization to briefly rise to $45.6 billion before swiftly plummeting to $2.57 billion within hours. These new legal challenges have been brought forth based on previous criminal charges in Argentina, alleging that Mile engaged in fraudulent activities by supporting the token.

Argentinian President Mile Retweets LIBRA Purchase Tutorial, Leading to Over 130% Short-Term Surge in LIBRA Price

In the early hours of February 18, Argentinian President Mile retweeted a tutorial on purchasing the LIBRA token on X, causing a short-term surge in LIBRA's price to surpass $0.7, with a 130% surge in 10 minutes and a 78% increase in 24 hours, reaching a current market cap of $700 million. The original tweet of the LIBRA token purchase tutorial was posted by Argentinian economic and political commentator Dario Epstein.

February 17

KIP: No Profit Made from LIBRA Token Issuance, Acted Solely on Direct Instructions from Kelsier

At 5:22 PM, KIP Protocol released a new statement on X stating, "KIP Protocol CEO Julian Peh did indeed meet with President Mile on October 19, 2024, during the 'Tech Forum Argentina' trade show in Argentina. This was Peh's first meeting with President Mile. The meeting did not discuss or mention any specific projects, including the 'Viva la Libertad' project, nor did it involve the issuance of any tokens. KIP Protocol does not engage in assisting organizations with token issuance. We are a technology company focused on deploying artificial intelligence infrastructure, and our business revolves around this core, so we rarely get involved in other affairs.

The KIP Protocol was unaware of and did not participate in the meeting on January 30, 2025.

Peh learned about the launch of a token project around February 13, 2025, which eventually became part of the project. Peh was informed that Hayden / Kelsier Ventures would lead the project and initiate the token issuance, with the KIP Protocol joining post-issuance. The agreed terms were that the KIP Protocol would only act upon Kelsier's direct instructions. KIP did not initiate the project, nor did it manage or direct the token issuance process, did not receive any tokens before or after issuance, and did not profit from the token issuance. KIP was not even notified by Kelsier when the Libra token went live. Therefore, describing it as "a KIP Protocol project" is incorrect.

YouTube Reporter: LIBRA Team Admits Insider Front-Running in Interview

At 13:17, YouTube reporter Coffeezilla (@coffeebreak_YT) revealed in a post that in an interview, the Libra project team admitted to engaging in front-running trades with their own issued LIBRA tokens. Related reading: "YouTuber Interviews LIBRA Creator: I Am Also a Victim"

Meteora Co-founder: No Involvement in LIBRA Operations, No Private Receipt or Management of LIBRA Tokens

At 12:18, Meteora co-founder Ben Chow responded to LIBRA-related doubts on social media. Ben Chow stated that neither Meteora nor himself had privately received or managed any tokens, nor were they involved in any off-chain transactions. Ben Chow revealed that he had recommended Hayden Davis of Kelsier Ventures as a deployer and liquidity provider to multiple projects, including the MELANIA project, based on their good cooperation experience in the M3M3 project.

Regarding the LIBRA project, despite learning about it weeks ago through Hayden, the Meteora team's role, like with other projects, was limited to technical support. They did not participate in project operations, nor did they buy, receive, or manage any tokens. Furthermore, Ben Chow emphasized that due to confidentiality considerations, the Meteora platform strictly controls information about token launches, typically allowing only a few engineers to access the relevant information in the first few minutes before launch.

Bubblemaps: Highly Confident LIBRA Controlled by MELANIA Same Team

At 8:52 AM, the blockchain data analysis platform Bubblemaps published a post stating that through the analysis of cross-chain transfers and time patterns, they are highly confident that LIBRA is controlled by the same team behind MELANIA.

The P5tb4 address, which has earned over $2.4 million from LIBRA, has transferred all profits to 0xcEA, a wallet associated with the creator of MELANIA. There are multiple ways to link 0xcEA to MELANIA's creator, including fund transfers and cross-chain transactions.

This implies that MELANIA's creator—or someone in their team—engaged in a pre-purchase at the launch of their own project. Weeks later, 0xcEA provided funding to LIBRA's creator DEfcyK. 0xcEA also pre-purchased LIBRA and profited $6 million through multiple sidechain addresses funded by CCTP.

Furthermore, many token issuances linked to 0xcEA were discovered, most of which were blatant pump and dump scams. Some of these tokens include TRUST, KACY, VIBES—and even HOOD.

Jupiter Official Response to LIBRA Incident: Not Involved in Any Form of LIBRA Issuance

At 1:42 AM, Jupiter published a post in response to the LIBRA controversy: "Several members of the Jupiter team were directly informed by Kelsier Ventures about a token project associated with the Argentinian President Javier Milei about two weeks ago. Initially, we were unsure of its authenticity, but later saw credible evidence from Milei's personal account's public tweets confirming his seriousness." This is all the information Jupiter is aware of.

We were completely unaware of any transactions between Milei himself and liquidity providers and did not participate in any form. In the memecoin circle, rumors about a certain "Argentinian coin" being issued have long been a poorly kept secret, and many related tweets have been made public. However, out of respect for confidentiality, Jupiter did not discuss this in any online or offline setting. Additionally, Jupiter team members have not received any LIBRA tokens or related rewards.

February 16

Jupiter Co-founder: No Affiliation with Projects like LIBRA, No Collaboration for Malicious Purposes

Jupiter's co-founder Siong posted on social media stating, "Jupiter has not collaborated with projects like LIBRA, ENRON, etc., for any malicious purposes, and we have absolutely no direct financial interest in these projects."

LIBRA Project Relationship Map: Issuer Involved in Various Meme Token Insider Trading

At 2:24 PM, Solayer developer Chaofan Shou released the relationship map of the LIBRA token issuance event and stated, "Referencing on-chain data, feel free to point out any errors."

According to the relationship map, a behind-the-scenes conspiracy group issued the LIBRA token through issuance advisor Hayden Mark Davis (Kelsier Ventures) and outsourced the market maker to an Indian company. Kelsier Ventures and the market maker are also insiders of meme tokens such as Melania, ENRON, BOB, RAG, M3M3, OGME. The main sponsor of LIBRA, KIP Protocol (founder Julian Peh), facilitated contacts between associates of Argentine President Milei, leading to Milei's tweet promoting the project.

LIBRA Sponsor KIP: No Meeting with President Milei in January

At 12:54 PM, LIBRA's main sponsor, KIP Protocol, responded to the "Official Statement from the Office of the President of Argentina Regarding LIBRA Token Issuance": "Mauricio Novelli is not a member of the KIP team. Novelli is the founder of Argentina Techforum, and KIP sponsored him in October 2024. KIP Protocol has never had any meeting with Argentine President Milei (Javier Milei) in January 2025."

Solayer Developer Clarifies: Arunkumar Sugadevan Has No Relation to LIBRA

At 11:28 AM, Solayer developer Chaofan Shou once again posted on social media stating, "Arunkumar Sugadevan has no relation to LIBRA; they simply share the same market maker. I deeply apologize for this misinformation. Arunkumar is located in Germany, while the related market maker is in Delhi. LIBRA is also not directly market made by issuance advisor Kelsier Ventures. More information will be released soon."

Argentinian Official Statement: Will Investigate All Entities and Individuals Involved in LIBRA Issuance, President Mileo Has Requested Anti-Corruption Office's Involvement

The Argentinian Presidential Office released a statement: "President Javier Mileo met with the representative of KIP Protocol in Argentina on October 19 of last year. During the meeting, the company expressed its intention to develop a project called 'Viva la Libertad' through blockchain technology, aimed at providing financing support to Argentinian private enterprises. This meeting has been officially recorded in a public hearing record, with participants including: the Argentinian President, KIP Protocol company representative Julian Peh, and Presidential Spokesperson Manuel Adoni."

"In this context, on January 30, 2025, the President held a meeting at the Pink House (Casa Rosada) with Hayden Mark Davis (LIBRA Token Issuance Advisor at Kelsier Ventures). According to the KIP Protocol representative, Davis will provide technical infrastructure for the project. Mr. Davis has had no past or present affiliation with the Argentinian government and was only introduced as a project partner of KIP Protocol."

"Yesterday, on February 15, the President retweeted the KIP Protocol project launch announcement on his personal social media account (similar to daily support for other Argentinian entrepreneurs aiming to create jobs and attract investment). As the President was not involved in the development of this cryptocurrency and to avoid speculation and excessive attention from the project's release, the tweet has now been deleted. Based on these facts, President Javier Mileo has immediately requested the involvement of the Anti-Corruption Office (OA) to investigate whether there was any improper conduct among government members, including the President himself."

"At the same time, the President has decided to establish a Special Investigation Team (UTI) at the Presidential Palace, with members from regulatory bodies in the fields of cryptocurrency, financial activities, money laundering, etc. This team will consolidate information and urgently investigate the issuance of the cryptocurrency LIBRA and all entities and individuals involved. All evidence obtained from the investigation will be handed over to judicial authorities to determine whether the entities or individuals related to the KIP Protocol project have committed any crimes. President Mileo has shown a commitment to the pursuit of truth through concrete actions and has promised to thoroughly investigate this matter until all facts are revealed."

LIBRA Token Issuance Advisor: Plans to Use $100 Million in Held Funds for Buyback and Destruction of LIBRA

The LIBRA Token Issuance Advisor, Kelsier Ventures, stated, "Kelsier currently retains control over all associated fees and treasury funds and will not use these funds for personal gain. As custodian of these funds rather than the owner, we are unwilling to transfer these funds to President Mileo's colleagues or the KIP team. Instead, after consulting with experts, Kelsier has proposed using the 100% controlled funds (up to $100 million) for repurchasing LIBRA tokens and destroying them. Unless a more viable alternative is presented, Kelsier intends to commence this plan within the next 48 hours."

Argentinian Opposition Threatens to Impeach President Milei

According to market reports, the Argentinian opposition has threatened to impeach President Milei, accusing him of promoting a cryptocurrency rug pull that caused the token's market cap to plummet from $4 billion to $418 million within hours.

LIBRA Issuance Advisor: Argentinian President Milei Deletes Tweets, Kelsier Ventures Not Involved in Wrongdoing

LIBRA token issuance advisor Kelsier Ventures released a statement: "Argentinian President Milei originally showed support and actively promoted LIBRA on social media platforms, including X and Instagram. And assured Kelsier of continued support throughout the entire release process. Kelsier's primary role as an advisor was to ensure the token had an adequate supply, liquidity, and strong funding to support its price." "Despite prior commitments, Milei and his team unexpectedly reversed their stance and deleted all previous social media support. What surprised me is that Milei later issued a statement attributing his withdrawal to alleged misconduct by the project team. Kelsier unequivocally rejects this claim and emphasizes that KlP Network founder and LIBRA's primary sponsor, Julian Peh, is entirely innocent. I can only assume Milei's associates are attempting to shift blame to Julian to evade responsibility."

Solayer Founder: LIBRA Market Maker Tied to MELANIA Insider, Linked to Indian Rug Pull Scammer

At 9 am, Solayer founder Chaofan Shou once again "unboxed" LIBRA: "The market maker/creator of the LIBRA token is directly linked to Arunkumar Sugadevan and another Indian rug pull scammer, raising questions about whether KelsierVenture outsourced the token issuance to an Indian company. By tracking the fund flow through temporal analysis, we discovered that the creator of the LIBRA token is also an insider of the MELANIA and ENRON tokens, as well as the developer of the OG.FUN project, and has laundered over $15 million. Wherever you are on Earth, I will get to the bottom of this. I hope Kraken and Binance will assist in freezing the relevant funds. The authorities have been notified, once a rug, always a rug, regardless of whether you decide to return the funds."

KIP: LIBRA Released and Marketed by Kelsier, KIP Did Not Receive a Share of Profits

The KIP Protocol, in a post on X, stated that the issuance and liquidity provision of the LIBRA token are entirely led by Kelsier Ventures and the project's founder Hayden Davis, with no wallets related to KIP or myself (referring to co-founder Julian). KIP only manages and oversees funded technical projects by invitation post-issuance and provides technical infrastructure for AI initiatives. When Argentine President Mile posted about the project on X, KIP did not participate in the release, as KIP Protocol's role has always been to come into play post-release. KIP has faced a lot of FUD today, including threats to individuals and employees, but did not participate in the release, handle any tokens, or SOL. The KIP Protocol did not profit a penny from the LIBRA token issuance and is not involved in liquidity provision.

Jupiter Team Members Clarify FUD: Team Did Not Participate in LIBRA Issuance and Liquidity, Did Not Pre-verify the Token

At around 8:30 a.m. this morning, Jupiter team member Kash Dhanda clarified the FUD surrounding LIBRA, "There is FUD everywhere now, but the fact is this: The Jupiter team did not participate in the release of the LIBRA token. We did not deploy, provide liquidity, or participate in the issuance. We also did not pre-verify the token, only validating it once its market cap exceeded $1.5 billion. Several counterfeit tokens have emerged, and with the official disclosure of the CA's public statement, we want to ensure that users can identify the correct token. More detailed information will be provided soon."

February 15

Nearly a Hundred Traders Lose Over $500,000, U.S. Law Firm Willing to Assist in Recovery

According to lmk.fun monitoring, based on transaction record statistics, a total of 24 traders suffered losses exceeding $1 million on LIBRA, with 61 traders losing over $500,000. The largest loser incurred a $5.17 million loss, having spent a total of $5.6 million to purchase 2.1 million tokens, only to sell them later for $430,000.

The U.S. law firm Burwick Law posted, "If you have suffered financial losses on LIBRA, please contact us to understand your legal rights. Burwick Law firm represents thousands of clients seeking to recover cryptocurrency losses."

Note by BlockBeats: The law firm previously planned on January 16 to represent investors in taking legal action against the Solana-based meme coin issuance platform Pump.fun, citing the platform's suspicious dumping activities over the months.

KIP Co-founder: Did Not Profit from LIBRA, Will Not Hide

Around 3:50 PM, KIP Protocol co-founder Julian, also serving as the CEO of KIP Protocol, stated that his team did not profit from LIBRA. He acknowledged that the wording in the previous announcement was indeed inappropriate but, in the interest of transparency, it will not be deleted. He assured that he has not gone into hiding and has no need to be tracked.

Solayer Founder Exposes KIP Protocol Member Information, Latter Responds "Not a Rug Pull," Unafraid of Being Found

At 1:53 PM, Solayer founder Chaofan Shou revealed the personal information of the KIP Protocol International Sales Director behind LIBRA after himself and an engineer suffered over $2 million in losses on LIBRA. KIP Protocol co-founder Julian responded on social media to the doxxing by saying, "Come find me. This is not a rug pull. If it were, we wouldn't have received so much support at launch. Just because you lost money doesn't mean it's a rug pull." However, the Solayer founder replied that the LIBRA incident was indeed a rug pull and he will track down every one of them.

Solayer Founder: Will Not Sit Idly By After Losing Over $2 Million on LIBRA

At 12:54 PM, Solayer founder Chaofan Shou took to social media to share that he and Solayer engineer @tonykebot suffered over $2 million in losses on LIBRA. He posted a picture revealing the core members of the KIP Protocol behind LIBRA and captioned it with "Let's see what two hackers and a lazy weekend can bring us."

LIBRA Team Responds: President Milei Not Involved in LIBRA Project Development, Thanks for the Support and Trust

At 11:36 AM, Web3 AI Infrastructure Layer KIP Protocol posted on social media that they had launched the ambitious Viva la Libertad project today, aimed at assisting private enterprises in Argentina. LIBRA has been a success, and they expressed gratitude for everyone's trust and support. It is clarified that this is a private enterprise project, and Argentinian President Javier Milei has neither previously nor currently been involved in the project's development; it is a wholly private enterprise.

Reportedly, the Viva la Libertad project's official website indicates that the project is a private independent project developed by KIP Protocol. (The left figure is KIP co-founder Julian, and the right figure is President Milei, photo released in October 2024)

The LIBRA Team Behind the Scenes Has Cashed Out a Total of $107 Million

According to Lookonchain monitoring, 8 wallets related to the LIBRA team have obtained 57.6 million USDC and 249,671 SOL by adding liquidity, removing liquidity, and collecting fees, totaling a cash-out of approximately $107 million.

Argentinian President Claims Unawareness of Previously Released LIBRA and Rebukes Puppeteers

At 11:38 AM, Argentinian President Javier Milei posted on social media, stating that the tweet he posted a few hours ago, thought to be just casual support for a private entrepreneurial project unrelated to himself as usual. He was not clear on the details of the project and after learning about it, he will definitely no longer spread it (this is also the reason for deleting the tweet). On dirty rats who want to take advantage of this situation to harm people, they confirm every day how despicable politicians can be, which further strengthens the belief in kicking you out.

Argentinian President Deletes Related Tweets

Around 11:30 AM, Argentinian President Javier Milei deleted the previously posted tweets related to LIBRA, causing a price plummet for LIBRA.

LIBRA Plunges Over 85% from Its High, with $1.2 Billion in Trading Volume in 4 Hours

At 10:00 AM, according to GMGN market data, the Meme coin LIBRA, suspected to be launched by Argentinian President Javier Milei, has plummeted over 85% since hitting a high of $4.61 this morning, but its market cap still stands at $600 million. The accumulated trading volume in the first 4 hours since its launch reached $1.2 billion.

Argentinian President's Official Account Shares Meme Coin LIBRA Address

At 6:00 AM, Argentinian President Javier Milei announced the launch of the Meme coin LIBRA through his official X account and disclosed the contract address, followed by a surge in LIBRA's price. Within 1 hour, Ember detected at least 3 insider trading addresses making over $20 million each

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