Far from moving away from the subject, Javier Milei postaled material again About cryptocurrency $ libra in x (extwitter). The president used a message from Dario EpsteinCITY consultant very close to La Libertad advances, where it was explained that “It wasn’t simple” Make the purchase.
The post listed the steps an investor had to give to bet on this currency, which made the asset firing again, while the big wallets took the opportunity to sell and valued again.
The replacement of the steps to follow for the purchase of $ Pound was read as a new support from the president to the Memecoinwhich resulted in a scandal last Friday, and the Operated token volume firing again. Thus, in a few minutes, there was a situation similar to that of last week: the price went from US $ 0.38 cents to US $ 0.77 cents twenty minutes later.
Market capitalization reached 640 million dollars And with the new fall, from the crypto market It is estimated that more than 25 million dollars vanished in an hour.
After the new movements, Epstein came out to clarify: “The only purpose of this Twit is to show that it was not easy for an common person to buy this instrument or memecoin. It is not endorsement, tutorial or recommendation. The description is the only effect of seeing how difficult it is to buy for a normal investor, which does not belong to the ecosystem. “
“They don’t confuse people”closed the consultant close to Lla.
$ LIBRA: Who is behind Token?
The $ Libra cryptocurrency was launched with high performance expectationslargely promoted by public and political figures, including the president Javier Mileiwho hinted his support through a publication in X. This support was then retired by the same president when the Token began to fall loudly, and led many people to lose their money on the road.
Mauricio Novelli and Manuel Terrones They were identified as part of the team behind the management and promotion of $ LIBRAalthough its direct participation in the fund extraction scheme was not confirmed.
Hayden Davisthrough your company Kelsier Ventureswas the main responsible for launch and market management of $ Pound. Davis was pointed out as a key figure in later events, especially due to his public statements where he blamed Milei for the collapse of Token.
After the publication of Milei, the value of $ Libra increased rapidly reaching a peak market capitalization of U $ 4,600 million.
Subsequently, massive tokens movements were observed towards several directions, presumably controlled by close developers or associates.
“At least eight wallets linked to the $ LIBRA team withdrew liquidity, totaling about US $ 107 million at the time of the highest value of the token. This action was described by experts such as a “Rug Pull”, a term that refers to the liquidity extraction of a cryptocurrency project by its creators, leaving investors with devalued or value tokens, “they emphasized from BUENBIT.
The abrupt fall of $ Pound generated significant losses for many investors, including figures known as Dave Portnoy, who initially bought a lot of tokens but decided to return the majority after Davis’s advice.
Source: Ambito
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