The article discusses two news stories related to cryptocurrencies. Firstly, a trader made insider profits by leveraging their knowledge of the upcoming launch of the $LIBRA token. They created wallets, transferred funds, and then used them to buy and sell $LIBRA tokens, making a profit of $6.72 million. The second story involves the launch of a Solana-based memecoin promoted by Argentinian President Javier Milei. The memecoin lost 95% of its value shortly after launch, raising concerns about manipulation and lack of transparency. Only one project, Kip Protocol, explicitly associated itself with $LIBRA and denied any insider trading allegations. The token's market cap plummeted from $4.5 billion to $200 million, causing fragile confidence among investors.



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