Shocking LIBRA Scandal: Insider Trading or Just Bad Luck? You Decide! 😱💸

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So, LIBRA, the meme coin that shot up like a firework and then crashed harder than my last date, is now under the microscope. Blockchain data is whispering sweet nothings about insider trading, and let’s be real, it’s not looking good. Experts were waving red flags like they were at a bullfight before the whole thing went belly up. 🐂💔

Now, hold onto your hats, because it turns out LIBRA’s creators might have a history of playing the market like a fiddle. 🎻 Investigations are revealing connections to previous pump-and-dump schemes. Shocking, I know! Who would have thought?

Bubblemaps Drops a Truth Bomb 💣

Enter Bubblemaps, the blockchain detectives we didn’t know we needed. They’ve uncovered some juicy on-chain evidence linking LIBRA and MELANIA tokens. Apparently, one address, P5tb4, made a cool $2.4 million sniping MELANIA and then sent the cash to wallet 0xcEA, which is like the VIP lounge for MELANIA’s creator. Talk about a shady after-party! 🎉💰

But wait, there’s more! This wallet also funded DEfcyK, the mastermind behind LIBRA, who allegedly cashed out a staggering $87 million. Meanwhile, 0xcEA was busy sniping LIBRA too, raking in $6 million like it was pocket change. I mean, who needs a 9 to 5 when you can just play with meme coins, right? 🙄

Bubblemaps also found a whole bunch of other tokens linked to 0xcEA, like TRUST, KACY, VIBES, and HOOD. Sounds like a party of short-lived schemes, doesn’t it? It’s like they’re running a meme coin factory over there, and LIBRA alone has made them over $100 million. Must be nice! 💸

Meanwhile, Jupiter crypto exchange is trying to clear its name, claiming they knew about a token project linked to Argentine President Javier Milei two weeks before it launched but had no hand in the chaos. They’re like, “We didn’t even get a LIBRA token, promise!” 🙏

They also denied any pre-verification of the contract address, saying they only did that after the public confirmation. Because who doesn’t love a little chaos before the order, right? They’ve done their own investigation and found no insider trading, but they’re open to credible reports. So, if you’ve got a tip, slide into their DMs! 📩

Hayden Davis Shrugs Off the Drama 😒

And then there’s Hayden Davis, the founder of LIBRA, who’s like, “Chill, people!” He claims the complaints are just from investors who weren’t in on the insider deals. In an interview with Coffeezilla (yes, that’s a real name), he defended LIBRA’s epic fail as just a ‘failure’ and not a scam. Because, you know, it’s all just part of the game. 🎲

When asked about the ethics of insider trading, he was like, “If we didn’t do it, how would we make money?” Classic! 🙃

LIBRA had a moment in the sun after Milei gave it a shout-out on social media, pushing its market cap above $4 billion before it nosedived. Now, some lawmakers are calling for Milei’s impeachment. Because nothing says “I’m in trouble” like a meme coin crash! 🚨

The Argentine government is now asking the Anti-Corruption Office to investigate if Milei or any officials were up to no good. The judiciary is gearing up to see if anyone connected to LIBRA, including the KIP Protocol folks, is in hot water. 🔍

KIP’s Not-So-Secret Response 🤫

KIP Protocol is stepping up to the plate, denying any involvement in the LIBRA drama. They told CryptoPotato that their CEO, Julian Peh, met with President Milei at a tech event, but it was all about AI and investment opportunities—no LIBRA chit-chat, promise! 🤞

They’re like, “We’re just here for the tech, not the tokens!” Peh’s intro to Milei was facilitated by the event organizer, who apparently has no ties to KIP. So, it’s all very above board, right? Just a casual chat about the future of technology, nothing to see here!

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2025-02-17 16:34