The Truth About Jupiter and $LIBRA: Separating Fact from Fiction

The truth about Jupiter & Libra token 

Jupiter's commitment to transparency is truly commendable, especially in the wild west of memecoin launches. To set the record straight, here are the facts about Jupiter's involvement with the $LIBRA token associated with Argentinian President Javier Milei.

A few Jupiter team members were aware of the potential token project about two weeks prior, thanks to a tip from Kelsier Ventures. However, they didn't have any insider information about the launch details or the dealings between Milei and market makers. The team kept this information confidential, adhering to their ethos of transparency and fairness.

It's worth noting that the launch of an "Argentina Coin" was an open secret in memecoin circles, with many public tweets hinting at its arrival. Despite this, Jupiter didn't receive any $LIBRA tokens or compensation, and none of their team members knew the launch details in advance.

Meow, Jupiter's founder, only became aware of the launch on the day it happened, but he didn't know the contract address (CA) or timing. Ben from Meteora was aware of the CA a few minutes prior to launch for verification purposes, but he didn't share this information with the Jupiter team until it was publicly available.

Jupiter's verification process for $LIBRA was also transparent and cautious. They waited for public confirmation from Milei's Twitter account and sufficient trading volume before adding $LIBRA to their Strict List. This was done to protect users from potential imposter tokens, not to endorse $LIBRA.

Jupiter takes allegations of insider trading extremely seriously and has conducted an internal investigation. They found no evidence of sniping by team members and encourage anyone with evidence to come forward. If any wrongdoing is discovered, Jupiter promises to take swift and decisive action.

The $LIBRA launch was indeed brutal, with many traders and the ecosystem as a whole feeling the impact. Jupiter condemns the extreme PVP launches that have become the norm in the memecoin space and is working on better systems to improve the situation.

In summary, Jupiter's commitment to transparency and fairness is unwavering. They've provided a clear account of their involvement with $LIBRA and are dedicated to protecting users and promoting a healthier ecosystem.