Jupiter Exchange’s Hilarious Denial: Did They Crash LIBRA or Just Trip Over It? 😂

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Well now, gather ’round, folks! Jupiter Exchange, bless their hearts, has taken to the digital stage to declare, with all the fervor of a preacher on Sunday, that they had absolutely nothing to do with the LIBRA token’s spectacular nosedive. They insist, with a straight face, that they were as uninvolved as a cat at a dog show. 🐱

Now, this LIBRA token, which some folks claim is tied to the illustrious Argentine President Javier Milei, took a tumble faster than a cat on a hot tin roof right after it was launched. This little fiasco sparked a whirlwind of gossip and finger-pointing, with traders whispering sweet nothings about insider trading and market shenanigans. Some even suggested that Jupiter had a crystal ball and knew LIBRA was coming before it hit the market! 🧐

On $LIBRA

From the very beginning, Jupiter has prided itself on transparency—like a window in a snowstorm. The memecoin launch game is as dirty as a pig in a mud bath, but we assure you, we’ve got nothing to hide.

So here are the facts, as clear as a mountain stream.

A few members of the…

— Jupiter (🐱, 🐐) (@JupiterExchange) February 16, 2025

In a bid to quell the rising tide of rumors, Jupiter took to X (formerly known as Twitter, bless its heart) to set the record straight. They admitted that a handful of their team had caught wind of a potential token linked to Milei a fortnight before it launched. But, they were quick to add, they had no inkling of the launch details—just a vague whiff of something brewing. 🌪️

They explained that their first encounter with the LIBRA project was through Kelsier Ventures, but they were as hands-off as a cat at a dog fight when it came to the token’s creation, funding, or distribution.

To tackle the accusations head-on, Jupiter launched an internal investigation, which, much to their relief, found no evidence of any team members engaging in insider trading. They even threw open the doors for the community to present any proof, promising to take action faster than a jackrabbit on a date if any wrongdoing was uncovered.

Jupiter clarified that LIBRA only made it onto their Strict List after it hit a market cap of $1.5 billion. This was merely to shield traders from falling for scam tokens, not a stamp of approval for LIBRA itself. 🛡️

CEO Meow, who was reportedly snoozing in Tokyo when LIBRA made its grand entrance, confirmed he had no prior knowledge of the token’s contract address or launch timing. Talk about being out of the loop! 😴

The LIBRA hullabaloo has once again raised eyebrows about memecoins, and Jupiter noted the frenzy that often accompanies such launches. They lamented that sniping, bundling, and other predatory trading tactics are wreaking havoc on the crypto ecosystem.

So far, Jupiter has assured its users that they are laser-focused on finding solutions to make the trading environment as safe as a kitten in a basket. 🐾

As of now, the LIBRA token’s price has taken a 25% dive, sitting at a mere $0.3286, with a market cap of $84.28 million and a 24-hour trading volume that has plummeted by 85.86% to $24.25 million. Quite the rollercoaster ride, wouldn’t you say? 🎢

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2025-02-17 09:58