LIBRA Crashes As Jupiter Denies Involvement

Token Launch & Investigation

An internal investigation found no evidence of misconduct or insider trading. LIBRA was added to Jupiter’s Strict List after reaching a $1.5 billion market cap, in line with the platform’s commitment to transparency.

Jupiter clarified that while team members knew about the potential project linked to President Milei, they had no specifics. LIBRA’s launch caused significant disruption to the ecosystem, with many meme coins contributing to practices like sniping and bundling.

Jupiter conducted an internal investigation into potential insider trading but found no evidence of misconduct.

Token Collapse Following Deleted Tweet

After President Milei’s tweet about LIBRA on February 14th, he deleted it hours later, causing a sharp drop in the token’s value and resulting in millions in losses for investors.

The token, created by KIP Protocol and Hayden Davis, was linked to Milei’s political slogan through its website, vivalalibertadproject.com.