Kelsier: Milei and his team unexpectedly changed their stance and could not control themselves, planning to reinvest all their funds into Libra tokens

PANews February 16th news, Kelsier released an announcement and clarification video on the latest progress in the Libra token solution. He said: "As a release consultant for the Libra Token project, I want to clarify the key aspects of the release and address Javier Milei's participation and subsequent withdrawal of support. Latest developments. Javier Milei initially supported and actively promoted Libra Token on social media platforms, including X and Instagram. His colleagues received his public support at the time of the release and assured me that throughout the release, he would Continue to be supported. Given my role as an advisor, my main responsibility is to ensure that the token has sufficient quantity, liquidity and strong capital to support its price and realize the vision of the project. However, as a consultant, there are many factors It's beyond my control."

“Despite previous commitments, Milei and his team unexpectedly changed their positions, withdrew their support and removed all previous social media support. This sudden decision was made without any prior warnings. , directly contradicting the previous assurance. To my surprise, Milei later issued a statement saying his exit was due to alleged misconduct by the project supporters, calling them liars. I flatly rejected this claim, and I want to emphasize that Julian Peh, founder of KlP Network and main sponsor of Libra Token, is completely innocent. I can only assume that Milei’s accomplices try to push the blame to Julian in order to evade responsibility.”

“It is crucial to recognize that memecoin investment is driven by trust and recognition. When Milei and his team deleted their posts, investors who bought tokens based on trust in his recognition felt betrayed. . This led to a wave of panic selling, further exacerbating the situation. The sudden loss of confidence had a catastrophic impact on the market stability of the tokens."

“As for my responsibilities, I am responsible for ensuring the liquidity of the project and still maintaining control over all relevant expenses and funds. I want to make it clear that I do not and will not use these funds for personal gain. As a custody of these funds People (not owners), I wouldn’t like to transfer them to Milei’s colleagues or KlP team. Instead, after consulting with experts, I recommend reinvesting 100% of the funds I control (up to $100 million) into Libra tokens and destroy all purchased supplies. I intend to start the implementation of the program within the next 48 hours unless a more viable alternative is proposed. I remain committed to maintaining transparency and will continue to provide updates as the situation develops.”

Previous news , KIP Protocol issued a clarification announcement on the $LIBRA release and KIP function, saying that the token release and market making are entirely responsible for KelsierVentures, and the representative is Hayden Davis, the initiator of the project. No wallet belongs to KIP or himself.