reSee.it - Tweets Saved By @rektmando

Posted - February 17, 2025 at 11:57 AM

Saved - February 17, 2025 at 1:56 PM

reSee.it AI Summary

This weekend, Javier Milei launched the $LIBRA memecoin with Kelsier Ventures to fund Argentina's development, reaching a $4.5 billion FDV before plummeting to $300 million as 95% of the supply was revealed to be unlocked for insiders. Kelsier Ventures profited over $110 million, while Milei now faces fraud charges. Insider KOLs, including Dave Portnoy, were involved in promoting the coin. Kelsier's founder, Hayden Davis, admitted to leveraging LIBRA funds and insider payments in a Coffeezilla interview. The SOL ecosystem has seen a decline since the launch, with ETH and BNB outperforming.

@rektmando - Mando

so TLDR on $LIBRA from this weekend: Launch - Javier Milei launches memecoin with help of Kelsier Ventures - Coin aims to 'fund Argentina's development' - Coin runs up to $4.5bn FDV on huge volume - Launched with a single-sided LP via Meteora, then liquidity gradually removed at higher prices - Coin begins to fall as it becomes clear 95% of supply is unlocked to insiders + team - Kelsier Ventures make $110m+ from the LP & coin sales - Milei then distances himself from the coin and it crashes to $300m - Milei has now been charged with fraud in Argentina for his involvement KOL Involvement - Several insider KOLs knew the launch was coming - Several insider KOLs were paid to promote the coin - Dave Portnoy was paid to promote but reimbursed his allocation - Portnoy was still reimbursed for his trading losses on the coin - Influencers are listed as partners of Kelsier Ventures on website - Lots of rumours of screenshots showing which KOLs were involved and to what extent Coffeezilla Interview - Kelsier Ventures founder Hayden Davis went on Coffeezilla to talk about launch - Davis is doxxed and living in LA - admits to sniping supply of LIBRA alongside the massive team allocation - using $110m+ from LIBRA as leverage in negotiations - admits to using insider KOLs payments & tip-offs - appears Kelsier were also involved MELANIA + several other recent pump & dumps - admits to sniping MELENIA and selling via LP - claims insiders in TRUMP were allowed to buy at $500m FDV pre-launch at a crypto dinner Meteora, Jupiter & Moonshot - Moonshot, Meteora & Jupiter admit to knowing about LIBRA beforehand - All claim no insider trading was done by their teams - All claim proper listing procedure was followed - Lots of rumours of leaks to insiders on previous launches linked to Kelsier + Meteora - Meteora CEO seen commenting on posts with Kelsier Ventures weeks ago SOL Ecosystem - SOL is down about 10% since the launch - Lots of commentary that this the end of the SOL casino (for now) - ETH & BNB have begun to outperform - Many SOL DeFi coins down 10-20% - Many SOL memes & AI down 20-40%