LIBRA Price Pumps 30% as Investigators Uncover a Political Bombshell
The LIBRA token price surged over 30% despite a major Argentine congressional report accusing its organizers of a coordinated rug pull.Summary
The price of the LIBRA token increased by nearly 31% to $0.00232, occurring just hours after Argentina's Investigative Commission submitted a 200-page report detailing allegations of a coordinated rug pull.
The report, led by Commission President Maxi Ferraro, concluded that LIBRA followed a pattern seen in previous token schemes like the $KIP operation, involving misleading marketing, hype amplification, insider positioning, and an orchestrated exit. Investigators found that the token's February 14 launch was engineered as a classic rug pull, noting that 87 wallets traded on insider information in the 22 seconds before the President's tweet—which allegedly triggered the price surge—went live, allowing 36 wallets to earn over $1 million each while wiping out over 114,000 retail investors.
Furthermore, the investigation traced financial links between key organizers and prior projects, asserting the President's political responsibility due to prior meetings and alleged obstruction of oversight. Despite the severe allegations and institutional silence from several agencies, the LIBRA price rally highlights speculative market behavior driven by political drama, suggesting the saga is not yet over.
(Source：BeInCrypto)