Kelsier: Unexpectedly, Milei and her team changed their stance which they couldn't control, planning to reinvest all funds into Libra tokens

News on February 16th, Kelsier released an announcement and clarification video about the latest developments of the Libra token. He stated: "As a release consultant for the Libra Token project, I want to clarify key aspects of the release and address recent developments regarding Javier Milei's involvement and subsequent withdrawal of support. Javier Milei initially supported and actively promoted Libra Token on social media platforms including X and Instagram. His colleagues received his public support at launch, assuring me that he would continue to be supportive throughout the entire release process. Given my role as a consultant, my primary responsibility is to ensure that there are enough tokens with sufficient liquidity and strong funds to support its price and realize the vision of this project. However, as a consultant, there are many factors beyond my control." 

"Regarding my responsibilities, I am responsible for ensuring liquidity in this project while maintaining control over all related fees and funds. I want to make it clear that I have not used these funds for personal gain nor do I intend to do so in future. As custodian (not owner) of these funds, I am unwilling to transfer them either to Milei's colleagues or KlP team members. Instead after consulting experts ,I propose reinvesting 100% controlled by me (up-to $100 million) back into Libra Tokens destroying all purchased supply unless more viable alternatives are proposed . My plan is start implementing this within next 48 hours .I remain committed towards transparency will continue providing updates as situation evolves."

Earlier news revealed that KIP Protocol clarified announcements about LIBRA's launch & KIP’s role stating : The token issuance & market making was entirely handled by Kelsier Ventures represented by Hayden Davis who initiated this project; no wallet belongs either KIP or myself.