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Justin Sun calls on Javier Milei to ensure refunds for $LIBRA investors
Justin Sun, the founder of Tron, has commented on the cryptocurrency token $LIBRA, expressing respect for Argentine President Javier Milei. In a recent post on X, Justin Sun expressed his respect for President Milei but urged him to ensure that those responsible must return the money to the victims and face legal consequences, while emphasizing the importance of protecting and accounting for investors.
Milei previously promoted $LIBRA on social media, leading to a surge in value before the token collapsed by 85%, prompting market manipulation allegations. Faced with strong backlash, Milei deleted his tweet, claiming no financial involvement with the project and lack of knowledge about its details. At the time of writing, the price of $LIBRA is $0.1743, still about 24% higher than yesterday, but still very low since the crash. The market capitalization is $174.3 million, with many users stuck as the government withdraws liquidity from Raydium. Sun's statement has raised concerns about public figures endorsing cryptocurrencies, calling for increased transparency and regulation to prevent similar incidents in the future.