Libra Meme Coin Milei Viral, These Are the Facts About the Team Behind It

Bittime - Libra Meme Coin is in the spotlight after Argentine President Javier Milei promoted it before deleting the related post. The scandal has sparked much speculation, especially about who is behind the project.

Four names have emerged as key figures: Julian Peh, Hayden Davis, Mauricio Novelli, and Manuel Godoy. But who are they exactly?

Julian Peh: CEO of KIP Protocol

Julian Peh is one of the figures associated with the Libra Meme Coin. He is the CEO of KIP Protocol, a company known for its work in AI and blockchain solutions. Peh has a legal background and previously worked as a lawyer and consultant at various well-known companies.

In April 2023, Peh founded KIP Protocol, which claims to be an AI infrastructure provider. The project later received investment from Animoca Ventures, a major player in the world of digital assets. However, Peh denied any involvement in the launch of Libra Meme Coin, stating that he had no direct relationship with the digital asset.

Read also: Argentine President Denies Promoting Rug Pull LIBRA Token

Hayden Davis: Founder of Libra Coin and CEO of Kelsier

Hayden Davis is one of the key figures in the Libra Meme Coin scandal. He is the founder of Libra Coin and CEO of Kelsier, a Web3 marketing company. Previously, Davis was known as an entrepreneur who was involved in various fields, including e-commerce and digital assets.

Davis claims to be responsible for the launch strategy of Libra Meme Coin. He is also said to have influenced President Milei, although this claim has been denied by the Argentine government.

In an interview, Davis emphasized that he only acted as a custodian of the funds and not the owner. However, he remains the center of attention because he controls more than $100 million in funds related to this project.

Mauricio Novelli and Manuel Godoy: The Figures Behind the Tech Forum Argentina

Mauricio Novelli and Manuel Godoy are two other names said to be involved in the launch of the Libra Meme Coin. Both are part of the Tech Forum Argentina, a conference also attended by President Milei.

Novelli is known as a professional trader who has won various trading championships. He also owns an investment training company called N&W Professional Traders. Meanwhile, Manuel Godoy was initially known as a game content creator before moving into the world of finance and digital assets.

In various reports, Novelli is referred to as the person who first introduced the concept of Libra Meme Coin to KIP Protocol. However, responsibility for the failure of this project is still debated. Davis claims that Novelli and Godoy had an active role in the development of the coin, but the two have not provided clear clarification.

Read also: New Facts Libra Coin Scandal: Co-Creator Admits Transfer of Funds to President's Sister Milei

The Scandal That Shook the Crypto World

Libra Meme Coin has not only caused controversy in Argentina, but has also attracted the attention of the global crypto community. Many investors feel disadvantaged by the high price volatility and lack of transparency from the developers.

On social media, the project has been criticized for being an unclear promotional scheme. Some analysts even refer to Libra Meme Coin as a classic example of pump and dump, where the price of an asset is deliberately raised before eventually falling dramatically.

Conclusion: Who is Responsible?

The Libra Meme Coin scandal has attracted worldwide attention, especially as it involves influential figures in the digital asset industry and Argentine politics. Although various parties are blaming each other, there is still no clarity about who is really responsible for the losses suffered by investors.

With the investigation continuing, the public is still waiting for further developments regarding the involvement of the founder of Libra Coin and the team behind it. One thing is certain, this controversy is an important lesson for investors to be more careful in assessing digital asset projects before investing.

FAQ

What is Libra Meme Coin?

Libra Meme Coin is a Solana-based digital asset that went viral after allegedly being promoted by Argentine President Javier Milei. The token experienced a surge in value before eventually falling dramatically.

Who is the founder of Libra Coin?

No one individual is officially recognized as the founder of Libra Coin, but several names such as Julian Peh, Hayden Davis, Mauricio Novelli, and Manuel Godoy are said to be involved in its launch.

Why is the Libra Meme Coin considered controversial?

Controversy arose due to its association with President Milei, who promoted the token before eventually deleting his posts. In addition, there are allegations of manipulation and large losses suffered by investors.

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Reference

decrypt.co, Everything You Need to Know About the Team Behind Milei's Libra Meme Coin, accessed February 19, 2025.

Author: AWW