{"id":13629,"date":"2025-02-18T09:01:32","date_gmt":"2025-02-18T09:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13629"},"modified":"2025-02-18T09:01:32","modified_gmt":"2025-02-18T09:01:32","slug":"libra-crypto-disaster-creator-defends-project-from-scam-allegations-admits-team-sniped-token","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13629","title":{"rendered":"Libra Crypto Disaster: Creator Defends Project From Scam Allegations, Admits Team Sniped Token"},"content":{"rendered":"
\n

Amid the Libra token controversy, Internet investigator Coffeezilla interviewed one of the people behind the Viva La Libertad project to discuss its disastrous launch and collapse, Argentina President Javier Milei\u2019s involvement, and the \u201cscam\u201d allegations against the project.<\/p>\n

Libra Creator Admits Sniper Allegations<\/h2>\n

On Monday, crypto sleuth Coffeezilla interviewed Hayden Davis, CEO of Kelsier Ventures, to discuss the Libra token\u2019s disastrous<\/a> rise and fall. According to the interview\u2019s description, Davis is one of the \u201cbig four creators\u201d of the project alongside Julian Peh, CEO of KIP Protocol, Mauricio Novelli, and Manuel Godoy from Tech Forum Argentina.<\/p>\n

Davis, who claims to be the project\u2019s \u201cfacilitator\u201d and President Milei\u2019s advisor, initially addressed<\/a> the controversial launch on X, stating accountability and a structure to save the project was needed.<\/p>\n

\"crypto\"<\/p>\n

During the Coffeezilla interview, Davis discussed the team snipping the tokens allegations. He admitted that the project\u2019s team sniped it at launch, alleging they did it to prevent other snipers from doing it.<\/p>\n

\n

So our goal was, can we take enough liquidity off to get all the snipers out, or at least control them so that when the chart dips down, it is not going to crush the whole project.<\/p>\n<\/blockquote>\n

Kelsier\u2019s CEO considers snipping isn\u2019t bad if done by the teams, arguing that it is usually done \u201cto protect\u201d the project. He added, \u201cIf there\u2019s enough volume, take some off so that people can have a chance to pump the chart back up,\u201d as memecoins volatility can kill a project in a few days.<\/p>\n

Davis also admitted to being part of the team that launched the US First Lady\u2019s memecoin, MELANIA<\/a>, nearly a month ago. According to him, that team also sniped the cryptocurrency at launch \u201cbecause of how big the snipe was on TRUMP\u2019s.\u201d However, he alleges that the Melania token team did not swap the liquidity but sold liquidations.<\/p>\n

A Crypto Scam Or A $100M \u2018Plan Gone Wrong\u2019?<\/h2>\n

The Libra token was launched on Friday and quickly gained attention after Argentina\u2019s President<\/a> endorsed it. In a now-deleted X post, President Milei shared the project and its Contact Address (CA), claiming Libras was a \u201cprivate project dedicated to encouraging Argentina\u2019s economic growth by funding small businesses and startups.\u201d<\/p>\n

After the post, the cryptocurrency\u2019s valuation skyrocketed, surging to $4.56 and a $4.5 billion market capitalization shortly after launching. Nonetheless, the Libra dream quickly fell apart when the cryptocurrency crashed over 90% in the following hours and the Argentinian President deleted his post.<\/p>\n

On-chain intelligence firm Lookonchain revealed<\/a> that the crash was caused by at least eight insider wallets connected to the Libra team cashing out around $107 million. These wallets added and removed liquidity and claimed the fees, obtaining 57.6 million USDC and 249,671 SOL, worth around $49.7 million.<\/p>\n

According to the decentralized exchange (DEX) Jupiter, the Milei-backed token was an \u201copen secret in memecoin circles.\u201d In a Sunday post, the exchange defended itself from insider trading allegations, arguing that part of their team, including their founder Meow, was aware in advance of the token\u2019s imminent launch but \u201cwere completely unaware of the dealings between the principals (\u2026) and were not involved in it in any way, shape or form.\u201d<\/p>\n

\"crypto\"<\/p>\n

In the interview, Davis stated that investors are mad because they don\u2019t have an advantage over others, like insiders: \u201cAll the bitching on socials is all the people that don\u2019t get into the deals. You\u2019ll never hear them bitch if they\u2019re in the deal.\u201d<\/p>\n

The Libra token \u201cfacilitator\u201d defended the project<\/a>, claiming it is \u201cnot a rug, it\u2019s a plan gone miserably wrong,\u201d and over $100 million sitting in an account controlled by him. Davis explained he doesn\u2019t wish to be the public enemy or keep the project\u2019s money but considers it his \u201conly leverage\u201d against people potentially wanting to hurt him.<\/p>\n

Ultimately, he claimed President Milei, who was recently accused<\/a> of fraud over the Libra crypto launch, could address the project and his involvement as soon as today.<\/p>\n

\"crypto,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Amid the Libra token controversy, Internet investigator Coffeezilla interviewed one of the people behind the Viva La Libertad project to discuss its disastrous launch and collapse, Argentina President Javier Milei\u2019s involvement, and the \u201cscam\u201d allegations against the project. Libra Creator Admits Sniper Allegations On Monday, crypto sleuth Coffeezilla interviewed Hayden Davis, CEO of Kelsier Ventures, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13629","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13629"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13629\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}