LIBRA Statement Summary from Jupiter. 🔵🇦🇷
The Jupiter team emphasized transparency regarding the LIBRA token launch, highlighting the following points:
🔹Information and Role: They became aware of the LIBRA project two weeks ago, but had no ties or prior knowledge of Argentine President Javier Milei or market makers. None of the team members received LIBRA tokens or payments.
🔹Launch Process: The token release time and contract address (CA) were not known in advance. The CA was verified post-launch and the token was added to the Strict List after the token reached a market capitalization of $1.5 billion.
🔹Reason for Verification: This was done to protect users from fake tokens. The "Verified" tag was added one hour after the launch.
🔹Allegations of Insider Trading: Investigations found no evidence of insider trading (sniping) or leaking. It was stated that drastic measures would be taken if evidence is presented.
🔹Criticism and Goals: Emphasizing that they are against manipulations in Memecoin launches, they announced that they are working to develop user-friendly systems.
It was also announced that the founder will make a detailed explanation.
