Blockchain analysts have found links between the LIBRA meme coin and other questionable crypto projects, including the Melania Trump token. These findings have raised concerns about LIBRA, especially after its brief endorsement by Argentina's President Javier Milei. The market maker of LIBRA, allegedly operating from Delhi, was also involved in the Melania token, fueling suspicions of coordinated insider activity. The LIBRA team has been linked to tokens that experienced price manipulation and pump-and-dump schemes. After receiving support from President Milei, LIBRA saw a surge in investments, but insiders reportedly withdrew $107 million, leading to its collapse. KIP Protocol, linked to LIBRA, has denied any wrongdoing. Hayden Davis of Kelsier blames President Milei and his team for investors' losses and plans to reinvest $100 million in LIBRA. The controversy highlights the risks associated with speculative meme coins and investigators are examining its connections to market manipulations.



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