Crypto exchange Jupiter has denied any involvement in the collapse of Solana meme coin LIBRA, which saw its market cap plummet by over 90% after insiders reportedly cashed out millions in liquidity.
LIBRA’s dramatic rise and fall within hours of its launch, triggered by Argentine President Javier Milei’s endorsement, has fueled suspicions of insider trading and market manipulation.
On $LIBRA
Since the start, Jupiter has always placed a massive premium on transparency. The memecoin launch game is a dirty game with plenty of ugly behavior. We, however, have nothing to hide.
So here are the facts as clearly as we can say them.
A few members of the…
— Jupiter (🐱, 🐐) (@JupiterExchange) February 16, 2025
In a tweet, Jupiter stated that it had "nothing to hide" and that, “We take allegations of insider trading EXTREMELY seriously.” Following an internal investigation, no e...
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