Kelsier: Mile and his team unexpectedly changed their position and considered using all $100 million in controlled funds to buy back and destroy LIBRA

Odaily Planet Daily News Kelsier published an announcement on the latest progress of LIBRA on X: "Argentine President Javier Milei initially supported and actively promoted the Libra token on social media platforms, including X and Instagram. His team received his public support at the time of release and assured me that support would continue throughout the release process. Given my role as an advisor, my main responsibility is to ensure that the token has sufficient trading volume, liquidity and strong funds to support its price and execute the vision of the project. However, as an advisor, there are many factors that I cannot control. Despite previous commitments, Milei and his team unexpectedly changed their position, withdrew their support and deleted all previous social media support. This sudden decision was made without any prior warning and directly contradicted previous assurances. To my surprise, Milei later issued a statement indicating that his withdrawal was due to alleged misconduct by the project's supporters, calling them scammers. I categorically deny this statement and want to emphasize that Julian Peh, founder of KIP Network and major sponsor of Libra Token, is completely innocent. I can only assume that Milei's team is trying to shift the blame to Julian, to evade responsibility. It is critical to recognize that Meme Coin investment is driven by trust and endorsement. When Miley and his team deleted their posts, investors who purchased the token based on trust in their endorsement 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 token. Regarding my role, I am responsible for ensuring the liquidity of the project and still maintain control of all related expenses and treasury funds. I want to make it clear that I have not and will not use these funds for personal gain. As the custodian (not the owner) of these funds, I am unwilling to transfer them to Miley's team or the KIP team. After consulting with experts, I propose to reinvest 100% of the funds under my control (up to $100 million) into Libra tokens and destroy all purchased supply. Unless a more viable alternative is proposed, I intend to begin executing this plan within the next 48 hours. I remain committed to transparency and will continue to provide updates as the situation develops. ”