TechFlow News — On February 17, according to an official statement from Jupiter, regarding the recent controversy surrounding the $LIBRA token project associated with Argentine President Javier Milei, Jupiter stated: "A small number of team members learned directly from Kelsier Ventures about two weeks ago that at some point a token project linked to Argentine President Javier Milei would be launched. Although we were initially skeptical, we later saw credible evidence on President Milei’s personal Twitter account indicating he was seriously involved. That is all we know. We have absolutely no knowledge of any dealings between Milei and market makers, nor have we participated in any way."
Jupiter also noted that within the meme coin community, the launch of an "Argentine coin" had long been an open secret. However, adhering strictly to its confidentiality principles, Jupiter did not disclose this information to anyone, either online or offline. Furthermore, no member of the team has ever received any LIBRA tokens or related compensation. The developers of Jupiter products were not aware in advance of the launch date, time, or contract address (CA). Only Meow himself became aware on the day of the launch, but he did not know the contract address or exact timing, nor did he participate in any way. Ben from Meteora learned the contract address just minutes before launch for verification purposes, but only shared it with the Jupiter team after the information became public. Jupiter neither pre-verified nor immediately verified the contract address—contrary to the FUD circulating on Twitter. Instead, Jupiter waited for public confirmation from Milei’s Twitter account and sufficient trading volume.
In addition, Jupiter stated: "We take allegations of insider trading extremely seriously. We have conducted our own internal investigation and found no evidence of team members front-running. If you have evidence that any Jupiter employee leaked information or engaged in front-running, please contact us directly."
