The LIBRA team may have launched two additional Argentine tokens, MILEI and ARG, which are speculated to be connected. These tokens share funding sources and liquidity mechanisms. The anonymity of their creators, however, complicates any definitive link. Recent legal issues further intertwine the narrative surrounding LIBRA.
The LIBRA team may have recently introduced two additional Argentine crypto tokens, MILEI and ARG, coinciding with the launch of the Javier Milei-backed LIBRA token. According to Fernando Molina, a Senior Data Engineer at Blockworks, there is speculation that these tokens might be connected to the LIBRA team, particularly since there were efforts to possibly rebrand LIBRA as ARG.
Molina noted that the tokens exhibit various shared traits, including being funded by different creator accounts via the FixedFloat crypto exchange. Each token’s creator also utilized the liquidity pool Meteora, depositing 108 tokens in each instance. Interestingly, while ARG’s metadata differs somewhat from LIBRA’s, their logos are almost identical.
Molina asserts that MILEI is likely associated with the LIBRA team and may have served as a testing ground for the Milei-backed token. The launch timeline reveals that MILEI was initiated just minutes prior to LIBRA, whereas ARG appeared shortly thereafter, around the time of Milei’s official LIBRA announcement.
It is crucial to point out that reports from the Argentinian media outlet Pagina indicate that the wallets responsible for funding the tokens remain anonymous, which emphasizes the complexity of confirming a direct link among the creators. Previously, in February, Milei had publicly endorsed the controversial LIBRA token, which subsequently experienced significant depreciation, leading to an ongoing political scandal. Legal actions have been taken against entities involved with LIBRA, including Meteora, in the New York Supreme Court.
In conclusion, the potential involvement of the LIBRA team in the launch of the MILEI and ARG tokens raises questions about their legitimacy. Shared funding mechanisms and similar characteristics among the tokens suggest a coordination effort. However, the anonymity of the creators complicates definitive conclusions, inviting scrutiny and further investigation amid ongoing legal challenges surrounding LIBRA.
Original Source: protos.com
