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 News Report: Kelsier released an announcement regarding 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 they would continue to support it throughout the release process. Given my role as an advisor, my main responsibility is to ensure the token has sufficient trading volume, liquidity, and strong financial backing to support its price and execute the project's vision. However, as an advisor, there are many factors that I cannot control. Despite previous commitments, Milei and his team unexpectedly changed their stance, withdrew their support, and deleted all previous social media support. This sudden decision was made without any prior warning and directly contradicts their previous assurances. To my surprise, Milei later issued a statement claiming his withdrawal was due to alleged misconduct by the project's supporters, calling them scammers. I firmly reject this claim and want to emphasize that Julian Peh, the founder of the KIP Network and the primary sponsor of the Libra Token, is completely innocent. I can only assume Milei's team is trying to shift the blame to Julian to evade responsibility. It is crucial to recognize that investments in meme coins are driven by trust and recognition. When Milei and his team deleted their posts, those investors who purchased the token based on their trust and recognition felt betrayed. This led to a panic sell-off, further exacerbating the situation. The sudden loss of confidence has had a disastrous impact on the market stability of the token. Regarding my role, I am responsible for ensuring the project's liquidity and still maintain control over all relevant 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 Milei's team or the KIP team. After consulting experts, I have recommended reinvesting 100% of the funds I control (up to $100 million) into the Libra token and burning all purchased supply. Unless a more viable alternative is proposed, I intend to begin executing this plan within the next 48 hours, and I remain committed to maintaining transparency and will continue to provide updates as the situation evolves."