#LIBRA incident is still brewing. (The利益链条正在浮出水面)

1: 🇦🇷 The Argentine presidential office issued a statement investigating President Milei, while also investigating the KIPprotocol and #libra participants.

Milei stated that the KIPprotocol team provided technical development and did not participate in the market cap management of the tokens, with the behind-the-scenes criticism directly targeting KelsierVentures CEO DAVIS.

2: KelsierVentures CEO DAVIS released a video through the official Twitter, stating he is the launch advisor for the Libra Token, responsible for providing liquidity and managing treasury funds, with 100 million USD in his hands. (It is decided to buy back $LIBRA with 100 million USD and destroy it within 48 hours.)

3: @Solayer Developer CHAO FAN lost over 1 million USD on LIBRA, expressing deep sadness about Solana on Twitter, stating that a conspiracy group is destroying SOL. In another tweet, he mentioned that the real opponent of $LIBRA is in Singapore, and one of the largest protocols trying to engage with the Solana protocol is about to go to jail (implying Jupiter's involvement).


Jupiter once acquired Meteora, which has also been accused of having ties with several celebrity tokens (such as the wife of President Trump). In this LIBRA incident, it was also pointed out that there had been interactions with Davis in President Milei's tweets, and some funds from LIBRA have been traced back to wallets related to Meteora, leading to more associations.#Melania ) in this LIBRA incident, it was also pointed out that there were interactions between Davis and President Milei in tweets, and some funds from LIBRA have been traced back to wallets related to Meteora, leading to more associations.

(JUPITER and METEORA both denied any interest-related connections with LIBRA and other projects)

If the above connections hold, based on Solana's PUMPFUN - Jupiter, the 'small, quick, and flexible' approach has become another 'risky' attempt after SBF. I vaguely remember during the FTX period, moving through the American political, entertainment, and sports circles, breaking through by distributing tokens widely to establish his brand, but everyone knows the final outcome. This time, however, it has shifted from a centralized exchange to an on-chain launch platform.

Last time, it was about getting more people to use FTX to enter the crypto industry, but now it’s more about celebrities issuing tokens to extract liquidity, which is quite limited in the industry. However, this time LIBRA has hit too hard, causing the related conspiracy group to fall apart, even affecting Milei's reputation in Argentina, while those in the circle had to make sacrifices, not to mention the P newcomers who got on the bus later.

Let MEME return to its essence; decentralization is the essence. Make Crypto great again! What’s next for the development of the post-pumpfun era of Solana?