Recently, the meme coin LIBRA has become the center of much controversy and scandal in the cryptocurrency community. Here are the notable events related to LIBRA:
1. Argentine President Javier Milei and LIBRA:
Argentine President Javier Milei has promoted LIBRA on social media, suggesting that it could boost the country's economic growth. However, after LIBRA experienced a sharp decline in value, causing significant losses for investors, Mr. Milei denied any official endorsement and claimed he was merely sharing information. This incident led to accusations of fraud and calls for impeachment against him.
2. The plan to launch a meme coin in Nigeria:
The LIBRA development team is said to have discussed with the Nigerian government about launching a new meme coin. Hayden Davis, CEO of Kelsier Ventures, is reportedly the connector between LIBRA and Nigerian officials. There is currently no evidence linking Nigerian President Bola Tinubu to this project.
3. The incident of mistakenly purchasing fake LIBRA:
Dave Portnoy, founder of Barstool Sports, spent $170,000 on a counterfeit version of LIBRA, instead of the LIBRA promoted by the Argentine president. This incident highlights the risks of investing in opaque meme coins.
4. Links to other controversial projects:
The blockchain tracking tool Bubblemaps found LIBRA to be associated with the MELANIA token and other 'rug pull' projects, where developers siphon off investor funds and disappear. This raises concerns about the transparency and safety of LIBRA.
The above events indicate high volatility and risk when investing in meme coins like LIBRA. Investors should exercise caution and thoroughly research before participating in projects lacking transparency.
