The meat hunt for the President of Argentina, Meme Coin LIBRA, the mastermind behind the scenes: the latest relationship diagram, KIP and Kelsier respond

The meme coin TRUMP has sparked a trend, leading the community to follow suit and issue many presidential coins. Recently, the Argentine President Javier Milei, who supports Trump, promoted a meme coin LIBRA issued by a third party. After a big pump and big dump, the community began to launch a doxxing campaign to find the perpetrator. This also prompted companies and individuals involved in the issuance to come forward to apologize on one hand and shift blame to others on the other, making it unclear who the real culprit is behind the cooling of LIBRA prices.

Among them, shoucccc, a member of the Solayer protocol who claims to have suffered losses of up to $2 million, has been the most active in the investigation, and he has also publicly released the current relationship diagram he has scrutinized. In addition, KIP involved in it and Hayden Davis, who is alleged to be a market maker, have also come forward to explain. The following is a possible relationship diagram:

Hayden Davis statement: admitting to being a consultant, blaming the President of Argentina

Kelsier Ventures' CEO Hayden Davis' statement attempts to explain his role in the $LIBRA coin issuance and attributes the market crash to the sudden withdrawal of support by Argentinian President Javier Milei and his team. He emphasizes that he is a launch advisor for the project, responsible for ensuring liquidity and fund management, but claims not to directly control the coin issuance or market-making.

Davis said that the Milei team originally guaranteed to support $LIBRA and even promoted the coin in the community media, but shortly after the issuance, they suddenly withdrew their endorsement, deleted all related posts, and accused the team behind $LIBRA of involvement in fraudulent activities. He strongly denied these accusations and defended the KIP protocol and its founder Julian Peh, stating that Peh had not engaged in any improper behavior, implying that the Milei team may be looking for a scapegoat to cover up the impact of their own decision-making mistakes on the market.

Davis further explained that due to the extreme reliance of meme coins on celebrity effects, Milei's withdrawal directly led to investor confidence collapse, causing the price of the coin to plummet. He acknowledged that he still controls approximately $100M in funds, but stated that these funds belong to the coin treasury, not his personal assets. He refused to hand over the funds to Milei or the KIP protocol, and plans to use all funds for repurchasing and destroying $LIBRA coins to stabilize the market. He promised to continue handling this matter transparently in the future and may execute the repurchase plan within 48 hours.

Overall, Davis's statement attempts to portray himself as a victim of market turmoil and attributes responsibility to the sudden withdrawal of support from the Milei team. His position differs to some extent from KIP's claims, especially in the attribution of fund control and issuance responsibilities, showing potential internal conflicts of interest. In the midst of this controversy, Davis seems to be attempting to rebuild market confidence through the promise of repurchasing and destroying the coin, but whether his remarks will be accepted by the outside world still depends on the subsequent fund flow and community response.

KIP protocol statement: all managed by Hayden Davis

The KIP protocol's statement attempts to distance itself from the issuance and market operations of $LIBRA coin, emphasizing that its role in the project is limited to technical infrastructure and AI project management, not as an issuer or market maker. They pointed out that the issuance and market manipulation of $LIBRA are fully managed by Kelsier Ventures (Hayden Davis), while KIP does not hold any related wallets and does not participate in any market trading.

KIP acknowledges that it was invited to join the supervision of the funded technical project after issuance and was listed on the official website as a supporter of the project. However, due to Argentine President Javier Milei's public promotion of $LIBRA, the token received high attention. Subsequently, Milei and his team suddenly withdrew their support, leading to market turmoil. KIP stated that they were subjected to a lot of FUD as a result, and there were even threats against KIP team members. They emphasized that KIP is essentially a tech company focused on innovation and infrastructure, not on token issuance and market manipulation.

Regarding the issue of fund flow, KIP mentioned that after communicating with Kelsier (Hayden Davis), it was learned that all SOL raised on the day of issuance will be reinjected into the liquidity pool (LP/chart), and all market-making fees will be handed over to a foundation in Argentina. They deny making any profit from this event and emphasize that KIP is not involved in market manipulation or issuance, but passively involved in this controversy.

KIP's rhetoric mainly attempts to distance itself from the coin issuance, shifting the blame to Kelsier (Hayden Davis) and his team. Their statements contradict Davis' version in terms of fund management and decision-making authority, as Davis stated that he was unwilling to hand over funds to KIP or the Milei team, while KIP claims that the funds will be used for foundation and liquidity management. This shows a significant discrepancy in the statements of both parties regarding the flow of funds, which may indicate unresolved power struggles and conflicts of interest internally.

The mastermind behind LIBRA comprehensive inference

Based on shoucccc's speculation, chart, KIP, and Hayden's statements, the complete story of this $LIBRA issuance may be:

Meme coin operation plan

Kelsier (Hayden Davis) designs and issuance $LIBRA through M3M3 Launchpad (Meteora), and arranges market making.

Some Delhi Dude (, a person in Delhi, India ), may be responsible for the actual issuance and liquidity injection of coins, while the market maker Axiom may be responsible for market making or liquidity management team.

KIP uses political resources for publicity

KIP ensures political endorsement through its relationship with the team of Argentine President Milei, allowing the coin to attract a large number of investors.

But the Milei team suddenly withdrew their support after the issuance, leading to a market confidence collapse.

KIP denies being related to coin issuance after the market collapse, trying to shift responsibility.

Funds cause disputes

Hayden controls $100M in funds but refuses to hand them over to the KIP or Milei teams, indicating possible financial disputes within the organization.

KIP said the funds would go back to the foundation, but Hayden said the funds would be used to repurchase and burn the coin, showing inconsistency in their plans.

The 'behind-the-scenes boss' in the chart may be the key figure determining the ultimate flow of funds.

This article tracks down the meme coin LIBRA behind the scenes of Argentine President: the latest relationship diagram, KIP and Kelsier's response first appeared on Chain News ABMedia.