Odaily News Jupiter released a statement on LIBRA on X: "From the beginning, Jupiter has taken transparency very seriously. The Meme coin issuance is a dirty game, full of ugly behavior. However, we have nothing to hide. Therefore, the following facts can be stated as clearly as possible.
Some members of the Jupiter team were aware that at some point there would be a token project associated with Javier Milei, the President of Argentina. We learned about this directly from Kelsier Ventures about 2 weeks ago. While we were initially unsure, we later saw solid evidence from public posts on Milei’s personal account that he was serious. That’s all we know.
We were completely unaware of the transactions between the principals (in this case, Mile and the market maker) and were not involved in any way.
It was an open secret in the meme coin community that an 'Argentina Coin' would be launched at some point, as evidenced by the many public posts that have appeared since. But in keeping with our confidentiality, we have not discussed this with anyone online or offline. Furthermore, no one on the team has ever received any LIBRA tokens or related compensation.
No one knew the release date, time or CA in advance. Only Meow himself knew about it on the day of the scheduled release, but he didn't know the CA or the specific time and was not involved in it in any way. He was in Tokyo and fell asleep when the token was released.
Ben from Meteora knew the CA minutes before the release in order to verify it, but did not share it with the Jupiter team until after the information was public.
Contrary to the massive amount of FUD on X, we also did not pre-verify or immediately validate the CA. Instead, we waited for public confirmation (again from Miley’s X account) and sufficient transaction volume.
By the time we added LIBRA to the Strict List and showed the 'Verified' label in the Trenches product, its market cap had already reached ~1.5B. It wasn't until ~1 hour after launch that LIBRA received the 'Verified' icon in our default token search.
Why verify it? The answer is simple: to protect users. Immediately after LIBRA, dozens of fake tokens were launched, and without strict list verification, it would have been easy for traders to accidentally buy the wrong token. Our strict list never endorses a specific token, it is simply our way of ensuring that users can buy the correct token they intend to buy.
Incidentally, our new organic scoring is designed to help remove the need for this verification process, and instead let organic on-chain activity determine which tokens are ‘correct’.
We take allegations of insider trading extremely seriously. We have conducted our own investigation and found no evidence of sniping by any team member.
If you have evidence that a Jupiter employee has leaked information or otherwise engaged in sniping, please contact us directly. If we discover that any team member has acted on non-public information, we will take swift and decisive action.
The whole LIBRA thing is brutal, both for traders and for our ecosystem. In fact, many meme coins have been damaging to the ecosystem for a long time, with sniping, bundling and all of this becoming the norm.
We are in no way condoning these extreme PVP releases. We are actively working on better systems both internally and externally to help improve the situation for everyone.
As previously stated, Meow will be releasing a more detailed statement later today.”