The LIBRA token is a memcoin that was endorsed by Argentine President Javier Milieu and immediately condemned.
In addition to the high-profile allegations of insider trading, Kelsier Ventures and its project manager Hayden Davis are believed to have been heavily involved in the creation of the LIBRA memcoin, the ENRON memcoin, and the MELANIA memcoin.
At the helm of Kelsier was Davis, who shed light on the project's launch and led the outreach. However, Davis and Kelsier's misdeeds continue to grow as new information comes to light: the
LIBRA
#token was launched on February 14 and quickly approved by Miley of X, causing the token to soar to a record $4.5 billion valuation. However, shortly after the token's launch, Miley deleted his post, and within hours the token dropped 98% to a $100 million valuation. President
Miley appeared on television and continued to distance himself from the token launch, stating, "I didn't promote it, I shared it. I acted in good faith and took the hit, but those involved in the process said he "came under political pressure and panicked.
In addition to Davis and Kelsier Ventures, the launch team is believed to have included Mauricio Novelli and Manuel Godoy, head of Techforum Argentina, as well as Julian Pech, CEO of Kip Protocol.
Kelsier Ventures is a small team that advises and invests in crypto projects such as memcoin startups
and
#DeFi Protocols.
There has been a lot of news surrounding Davis over the past few days, but this was his first
Davis admitted his involvement in the Jan. 19 launch of the MELANIA token, which many market participants believe doomed the memcoin market. MELANIA was launched just 48 hours after the launch of the TRUMP memcoin and soared to a $13 billion valuation, but has since fallen 90 percent to a current valuation of $1.2 billion.
Kelsier Ventures also admitted to sabotaging its own launch.
Davis tries to place the blame on third-party snipers.
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