In the crypto world, the LIBRA breast coin project came up again with new connections. Blockchain analysts announced that LIBRA is linked to Melania Trump’s Token project and other controversial crypto projects. These developments invite investors to be more careful.
LIBRA AND MELIANIA TOKEN CONNECTION
LIBRA’s suspicious connections were first brought to the agenda by Chaofan Shou. Shou, the founding partner of Fuzzland, claimed that LIBRA’s market maker had previously been involved in Mellania Token and other controversial projects. The wallet data he shared showed that the same asset controls both LIBRA and Mellania Token.
In these projects, prices rose rapidly with internal transactions and automatic boots. Then, with sudden sales, prices crashed and individual investors suffered great losses. This is similar to the Pump-DUMP strategies that exploit investors.
LIBRA PROJECT AND POLITICAL DISCUSSIONS
One of the most remarkable moments of LIBRA was that Argentina President Javier Milei supported the project for a short time. With the support of Milei, investors showed great interest in the project. However, after a short time, $ 107 million took place and Token lost value.
After this incident, Milei cut off his bond with the project and rejected the charges. However, this turned into a political scandal. Some critics demanded that Milei be dismissed, arguing that this incident contained financial manipulation.
Defense and new plans from LIBRA team
The LIBRA team rejected the charges against it. Julian Peh, CEO of Kip Protocol, said no fraud in the project and that the funds can be seen on the chain. He also stated that KIP was not involved in the token export process and that the market -maker was responsible for Kelsier.
Kelsier CEO Hayden Davis held Milei and his team responsible for investor losses. Davis announced that they believe in the potential of the project and that they will re -invest $ 100 million in their hands. With this fund, he announced that they plan to buy Lıbra Token and burn. This has once again revealed the risks of speculative breast coin investments. While the future of LIBRA remains uncertain, investors should be careful and should not decide without investigating every project.
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